Leaving BNY Website

 

You are leaving the BNY Depositary Receipts' Website.
Linked sites are not under the control of The Bank of New York Mellon Corporation or any of its subsidiaries or affiliates (together, the "Company") and the Company is not responsible for the content of any linked site or any link contained in a linked site. If you choose to link to a website not controlled by the Company, you do so entirely at your own risk and the Company makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does the Company warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. The Company does not guarantee the authenticity of documents on the Internet. Links to other sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. The Company reserves the right to terminate any link at any time.

Do you wish to continue to the linked site on these terms?

Stay On Page
Leave Page

© 2024 The Bank of New York Mellon Corporation

Depositary Receipt business and services are conducted through The Bank of New York Mellon.

BNY - DR Legal Disclaimer
 

To learn more about DRs, please contact DRBrokerSolutions@bnymellon.com.

 

The information and data provided herein are provided for general informational purposes only.  BNY does not warrant or guarantee the accuracy, timeliness or completeness of any such information or data.  BNY does not undertake any obligation to update or amend any information or data, and may change, update or amend any information or data at any time without prior notice.

 

BNY provides no advice, recommendation or endorsement with respect to any company or securities.  No information or data is intended to provide legal, tax, accounting, investment, financial, trading or other advice on any matter, and is not to be used as such.  We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any information or data, including market value loss on the sale or purchase of securities or other instruments or obligations.

 

Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

 

BNY collects fees from DR holders pursuant to the terms and conditions of the DRs and any deposit agreement under which they are issued.  From time to time, BNY may make payments to an issuer to reimburse and/or share revenue from the fees collected from DR holders, or waive fees and expenses to an issuer for services provided, generally related to costs and expenses arising out of establishment and maintenance of the DR program.  BNY may pay a rebate to brokers in connection with unsponsored DR issuances; brokers may or may not disclose or pass back some or all of such rebate to the DR investor.  BNY may also use brokers, dealers or other service providers that are affiliates and that may earn or share fees and commissions.

 

BNY may execute DR foreign currency transactions itself or through its affiliates, or the Custodian or the underlying Company may execute foreign currency transactions and pay US dollars to BNY.  In those instances where it executes DR foreign currency transactions itself or through its affiliates, BNY acts as principal counterparty and not as agent, advisor, broker or fiduciary.  In such cases, BNY  has no obligation to obtain the most favorable exchange rate, makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate. BNY earns and retains revenue on its executed foreign currency transactions based on, among other things, the difference between the rate it assigns to the transaction and the rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account.  The methodology used by BNY to determine DR conversion rates is available to registered Owners upon request or can be accessed here.  In those instances where BNY's Custodian executes DR foreign currency transactions, the Custodian has no obligation to obtain the most favorable exchange rate or that the method by which the rate will be determined will be the most favorable rate, and BNY makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate.  In certain instances, BNY may receive dividends and other distributions from an issuer of securities underlying DRs in U.S. dollars rather than in a foreign currency.  In such cases, BNY will not engage in or be responsible for any foreign currency transactions and it makes no representation that the rate obtained by an issuer is a favorable rate and it will not be liable for any direct or indirect losses associated with the rate.

 

BNY is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

 

BNY's name, brand and/or trademarks may not be used, copied or reproduced without the prior express written consent of BNY.

 

DEPOSITARY RECEIPTS ARE NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF, AND ARE NOT GUARANTEED BY, BNY AND ARE SUBJECT TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED.

 

Please also see "Terms of Use."

ACCEPT

Please enable cookies in your browser if you wish to proceed.

Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.64%) to 8107.25, DAX (1.03%) to 19058.53, CAC40 (1.23%) to 7337.22, STOXX 600 (1.27%) to 505.00

Oct 31 ,2024

  • Synopsis:

    • European indices extended their morning losses, ending near the session's lows. US futures also recording sizeable losses. In central bank news, comments from ECB officials are a bit more cautious, with Schnabel, Nagel and Lagarde suggesting more modest rate cuts are likely. Note, some inflation updates and growth surprised on the upside on Wednesday. UK press evaluates yesterday's budget, which saw biggest tax increase since 1993, a ramp up in spending and higher borrowing. Has seen fluctuation in BoE rate outlook. Fueled some concerns over debt outlook. In the UK, after delivering an expansionary budget, which will increase spending by £70B next year, there are thoughts Chancellor's Reeves budget could result in a shallower BoE rate cut cycle. Biggest revenue-raising measure was an increase in employers' national insurance contributions, which is worth £25B

    • In macro-news, German retail sales for September showed positive growth across various metrics. Real (price-adjusted) sales increased by 1.2% m/m, while nominal (not price-adjusted) sales rose by 0.6%. Retail sales up 3.8% y/y in real terms versus 1.2% expected, while nominal sales up 3.9% y/y

    • Amidst a busy earnings calendar, in the banking sector, BNP Paribas, Societe Generale, ING Groep, Erste Group Bank, Banco Bilbao Vizcaya Argentaria, CaixaBank Banco de Sabadell and Danske Bank issued their Q3 reports before the open

    • Other notable earnings include TotalEnergies, Shell Plc, Maersk, STMicroelectronics, Prysmian, Anheuser-Busch InBev, Haleon, Ubisoft Entertainment, Geberit and Stabilus among several others, whilst Carlsberg, Stellantis and Smith & Nephew posted trading updates. Of note, Repsol (REP.SM) recorded the largest intraday move in almost a month, after beating Q3 adj income estimates as well as reports that Spain may cancel its windfall tax. Spain's governing Socialist party PSOE reached agreement with PNV and Junts in parliament to extend windfall tax on banks for three more years, but plans for similar levy on energy firms will be shelved

    • In M&A news, Siemens confirmed the acquisition of Altair Engineering for $113/sh cash representing an equity value of ~$10.6B

    • Looking ahead to tomorrow's calendars, Brunel International (BRNL.NA), Kalmar Corp. (KALMAR.FH), Scatec (SCATC.NO), Aker Horizons (AKH.NO), Aker BioMarine (AKBM.NO), Trifork Group (TRIFOR.DC) and Piraeus Financial Holdings (TPEIR.GA) will be posting their earnings, whilst Fugro (FUR.NA), ForFarmers (FFARM.NA) and Remedy Entertainment (REMEDY.FH) report trading updates. Macro-data will include Switzerland Oct CPI, Norway, Sweden, Switzerland Oct manufacturing PMI, UK Oct house price index - Nationwide and Austria Oct unemployment rate

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers: Oil & Gas (0.13%), Banks (0.31%), Construct & Mtls (0.34%), Autos & Parts (0.49%), Chemicals (0.73%), Travel & Leisure (0.97%), Insurance (1.16%)

      • Underperformers: Retail (4.00%), Technology (2.49%), Real Estate (2.05%), Food & Beverage (2.02%), Financial Svcs (1.83%), Media (1.62%), Persnl & HHold Goods (1.48%), Basic Resources (1.41%), Telecom (1.38%), Health Care (1.37%), Utilities (1.37%), Ind Goods & Svcs (1.33%)

    • Macro:

      • Euro-Zone Inflation Picks up, Backing Cautious Approach on Rates (BBG)

      • Keir Starmer creates new 'Europe Hub' as PM eyes closer ties with EU post-Brexit (Independent)

      • UK urged to break with France, North Korea and Russia on UN nuclear war resolution (Guardian)

      • Spain's 'monster' floods expose Europe's unpreparedness for climate change (Politico)

      • EU investigates Temu over illegal products (dw)

      • Finland detects satellite navigation jamming and spoofing in Baltic Sea (Reuters)

    • Company news:

      • Notable Gainers

        • +76.7% LECN.SW (Leclanché CHF0.28, +0.12) -- H1 earnings

        • +20.0% PLX.FP (Pluxee €18.99, +3.17) -- FY earnings

        • +20.0% PNOR.NO (Petronor E&P NOK9.66, +1.61) -- dividend update and timing of the next lifting of entitlement oil from Congo

        • +13.6% AKSO.NO (Aker Solutions NOK52.25, +6.25) -- Q3 earnings; raises FY guidance

        • +11.5% GLE.FP (Societe Generale €26.46, +2.74) -- Q3 earnings; CFO to step down

        • +11.1% TE.FP (Technip Energies €22.88, +2.28) -- Q3 earnings; raises FY guidance; acquisition

        • +10.5% YIT.FH (Yit €2.57, +0.24) -- Q3 earnings

        • +9.5% NETC.DC (Netcompany Group DKK326.00, +28.20) -- Q3 earnings; increases share buyback

        • +9.0% BCP.PL (Banco Comercial Portugues €0.46, +0.04) -- 9M earnings

        • +8.8% GOMX.SS (GomSpace Group SEK4.09, +0.33) -- Q3 earnings

        • +7.7% JMT.PL (Jeronimo Martins €17.78, +1.27) -- Q3 earnings

        • +6.8% STAB1L.GR (Stabilus €36.30, +2.30) -- prelim FY earnings

        • +6.4% FDR.SM (Fluidra €24.56, +1.48) -- 9M earnings; raises FY guidance

        • +5.6% STLN.SW (Swiss Steel Holding CHF3.28, +0.18) -- new Chairman

        • +5.2% EBS.AV (Erste Group Bank €51.36, +2.53) -- Q3 earnings

        • +4.8% WLN.FP (Worldline €6.42, +0.29) -- Q3 revenue

        • +4.7% GEBN.SW (Geberit CHF540.80, +24.20) -- Q3 earnings

        • +4.3% SYNT.LN (Synthomer £1.80, +0.07) -- trading update

        • +3.9% SOP.FP (Sopra Steria Group €175.50, +6.60) -- Q3 earnings

        • +3.7% SOLAR.B.DC (Solar DKK319.50, +11.50) -- Q3 earnings

        • +3.1% DANSKE.DC (Danske Bank DKK202.20, +6.15) -- Q3 earnings; raises FY guidance

        • +2.6% ONC.LN (Oncimmune Holdings £0.16, -0.00) -- trading update

        • +2.0% DNORD.DC (D/S Norden DKK235.20, +4.60) -- Q3 earnings; narrows FY guidance

        • +2.0% NEXT.NO (Next Biometrics Group NOK7.14, +0.14) -- MoU for a new product with partner ACPL

        • +0.8% SPNO.DC (Spar Nord Bank DKK132.00, +1.00) -- Q3 earnings

        • +0.6% AIR.FP (Airbus SE €140.62, +0.78) -- Q3 earnings

        • +0.6% UBI.FP (Ubisoft Entertainment €13.46, +0.08) -- H1 earnings

      • Notable Decliners

        • -39.7% SWON.SW (SoftwareONE Holding CHF7.75, -5.11) -- new CEO; says Q3 results below expectations; revises guidanc

        • -18.0% NXQ.LN (Nexteq £0.73, -0.16) -- trading update; lowers FY guidance

        • -17.8% QTCOM.FH (Qt Group €70.20, -15.25) -- Q3 earnings; specifies FY guidance

        • -16.9% NAVA.NO (Navamedic NOK25.60, -5.20) -- Q3 earnings

        • -15.0% FING.B.SS (Fingerprint Cards SEK0.11, -0.02) -- Q3 earnings

        • -12.4% KNOS.LN (Kainos Group £7.50, -1.06) -- lowers FY guidance

        • -12.4% SN.LN (Smith & Nephew £9.61, -1.36) -- Q3 revenue; lowers FY guidance

        • -11.2% KOA.NO (Kongsberg Automotive NOK1.40, -0.18) -- cost adjustment initiatives lower near-term customer demand; lowers 2024 revenue and EBIT guidance

        • -10.6% HPUR.NO (Hexagon Purus NOK6.90, -0.82) -- completes previously announced private placement raising gross proceeds of NOK 1.00B; prelim Q3 earnings

        • -9.7% RUI.FP (Rubis €22.64, -2.42) -- lowers FY guidance

        • -9.3% ANDR.AV (Andritz €55.35, -5.70) -- Q3 revenue; lowers FY guidance

        • -8.0% ACR.NO (Axactor NOK3.72, -0.33) -- Q3 earnings

        • -6.8% WAVE.FP (Wavestone €48.45, -3.55) -- Q2 revenue

        • -6.5% KBX.GR (Knorr-Bremse €75.35, -5.25) -- Q3 earnings

        • -6.3% GLPG.NA (Galapagos €24.66, -1.66) -- 9M earnings

        • -6.1% REG1V.FH (Revenio Group €29.52, -1.92) -- Q3 earnings

        • -5.8% ABI.BB (Anheuser-Busch InBev €55.00, -3.36) -- Q3 earnings

        • -5.5% SPIE.FP (SPIE €32.88, -1.92) -- Q3 revenue; lowers FY guidance

        • -4.8% BNP.FP (BNP Paribas €62.34, -3.14) -- Q3 earnings

        • -4.5% RSGN.SW (R&S Group Holding CHF21.10, -1.00) -- FY guidance

        • -3.9% EPR.NO (Europris NOK68.10, -2.75) -- Q3 earnings

        • -3.5% TNOM.FH (Talenom €3.62, -0.13) -- Q3 earnings

        • -3.1% TTE.FP (TotalEnergies €57.33, -1.82) -- Q3 earnings

        • -2.9% BFSA.GR (Befesa €21.34, -0.64) -- Q3 earnings; narrows FY guidance

        • -2.5% SXS.LN (Spectris £25.10, -0.64) -- trading update

        • -1.5% 4C.SS (4C Group SEK16.25, -0.25) -- Q3 earnings

        • -0.8% SIE.GR (Siemens AG €178.02, -1.50) -- buys Altair Engineering for $113/sh cash; sells airport logistics business to Vanderlande for €300M

        • -0.6% HLN.LN (Haleon £3.71, -0.02) -- Q3 earnings

        • -0.5% ACC.NO (Aker Carbon Capture NOK6.10, -0.03) -- Q3 earnings

    • EU companies reporting tomorrow:

      • Benelux: Brunel International (BRNL.NA)

      • Nordics: Kalmar Corp. (KALMAR.FH), Scatec (SCATC.NO), ker Horizons (AKH.NO), Aker BioMarine (AKBM.NO), Trifork Group (TRIFOR.DC), ASaltX Technology (SALT.B.SS)

      • Southern Europe: Piraeus Financial Holdings (TPEIR.GA)

      • Trading Update: Fugro (FUR.NA), ForFarmers (FFARM.NA), Remedy Entertainment (REMEDY.FH)

  • Data:

    • Economics:

      • IATA global market passenger air traffic +7.1% in Sep

      • Germany Sep Retail Sales +3.8% y/y vs consensus +1.6% and prior +2.1%

        • Eurozone +2.0% y/y vs consensus +1.9% and prior +1.7%

        • Netherlands +3.6% vs consensus +3.2% and prior +3.5%

        • France +1.2% y/y vs consensus +1.1% and prior +1.1%

        • Austria +1.8% y/y vs consensus +1.9% and prior +1.8%

        • Portugal +2.3% y/y vs consensus +2.3% and prior +2.1%

        • Italy +0.9% y/y vs consensus +1.0% and prior +0.7%

      Oct Preliminary CPI

    • Sep Unemployment Rate

      • Italy 6.1% vs consensus 6.2% and prior revised 6.1% from 6.2%

      • Denmark 2.6% vs consensus 2.6% and prior 2.6%

    • France Sep PPI (7.0%) y/y vs consensus (7.0%) and prior (6.3%)

  • Markets:

    • WTI Crude (Dec 24): +$0.57 or +0.83% to $69.18

    • €-$ +0.0006 or +0.06% to 1.0862

    • £-$ (0.0087) or (0.67%) to 1.2874

    • €-£ +0.0059 to 0.8436

    • S&P 500 (1.44%)

    • Performance year-to-date

      • FTSE 100: +4.84%

      • DAX: +13.77%

      • CAC: (2.73%)

      • MIB: +12.80%

      • Stoxx 600: +5.43%

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE