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 - Europe Pre-Open: Futures: FTSE (0.04%), DAX (0.10%), CAC40 +0.17%

Nov 14 ,2024

  • Synopsis

    • European equity markets are set to open mixed amidst Asian equities trading also mixed Thursday. Hang Seng continuing its recent declines, mainland markets also sharply lower today following yesterday's reprieve. Japan's markets turning red following a positive open. More losses for Taiwan, South Korea flat. India down again, Southeast Asia also lower. Positive returns for Australia and Singapore. US futures now negative after being higher early on. US dollar higher again; yen, yuan, AUD and other Asia currencies all under pressure although several central banks said to be intervening to support local currencies. Treasury yields higher across tenors, JGB yields higher, CGB yields finding a base. Crude oil under pressure, precious metals led lower by silver under USD strength, iron ore and copper leading base metals lower.

    • On today's agenda, in central banks, Norges Bank's Bech-Moen speech at 8:00 at Nordea in London whilst Bundesbank's Mauderer speech at 8:20CET at event at COP29 (NGFS Finance Day, Australian Prudential Regulation Authority), at 10:30CET (DZ Bank event) and panellist (NGFS Finance Day) at 16:00CET. ECB's de Guindos remarks at 9:30CET at event hosted by ABC and Deloitte in Madrid. BOE's Mann speech at 13:00BST at Society of Professional Economists Annual Conf. ECB's Schnabel panellist at 19:30CET at 25th Jacques Polak Annual Research Conf. ECB's Lagarde remarks at 20:00CET at Choiseul Sovereignty Awards 2024 ceremony. Riksbank's latest Financial Stability Report published at 9:30CET followed by press conf at 11:00. ECB publishes at 13:30CET minutes of last MPC meeting. IEA Oil Market Report. In Germany, Bundestag Budget Committee reconciliation meeting on the 2025 budget. In UK, Chancellor's Mansion House speech; Reeves is set to unveil long-awaited pension reforms; other speakers include BOE's Bailey at 21:00GMT. Summit of the heads of state and government of Latin America, Spain and Portugal, gets underway. APEC CEO Summit (through Fri)

    • Macroeconomic updates include: UK Q3 preliminary GDP, Sep manufacturing/industrial production, trade balance, construction output, Oct monthly GDP tracker - NIESR, Spain Oct final CPI, Eurozone Q3 (2nd estimate) GDP, Sep industrial production, Sweden Oct final CPI, Finland Q3 preliminary GDP, Oct CPI, Netherlands Q3 preliminary GDP.

    • In corporate news, DACHs region companies kicked off the session with results out from EOAN.GR (E.ON SE), Deutsche Telekom (DTE.GR), Siemens (SIE.GR), Merck KGaA (MRK.GR), Bilfinger (GBF.GR) and K+S AG (SDF.GR). In the Benelux, ASML (ASML.NA) confirms potential 2030 scenarios for annual revenue between ~€44B and €60B with gross margin of between ~56% and 60%​ ahead of its CMD.

    • In France, Alstom (ALO.FP) reports H1 adjusted net income €224M vs consensus €213M whilst Eiffage (FGR.FP) released Q3 revenue €5.89B vs StreetAccount €5.78B and confirmed FY outlook. Also, Thales (HO.FP) sets new financial targets with EBIT margin improvement to 13-14% in 2028 ahead of its CMD. Out of the Nordics, Embracer Group (EMBRAC.B.SS) reports Q2 adj EPS SEK0.17 vs FactSet SEK0.62 and now expects lower FY24/25 earnings y/y. ALK-Abello (ALK.B.DC) reports Q3 EPS DKK1.00 vs FactSet DKK0.79 and confirms FY guidance.

  • Politics/Macro/World News

    • Why the EU's biometric border won't come before spring 2025 - FT

    • European wind companies brace for potential challenges under Trump's second term - Reuters

    • Trump's power plays overshadow global climate summit - Politico

    • Germany tells its ports to reject Russian gas cargoes - FT

    • Finland Oct CPI +1.1% y/y vs consensus +1.1% and prior +0.8%

  • Top company news

    • Earnings/updates

      • DACHs

        • EOAN.GR (E.ON SE) -- reports 9M adjusted net income €2.21B vs StreetAccount €2.21B; confirms FY guidance

        • S92.GR (SMA Solar Technology) -- reports 9M EPS €1.00 vs year-ago €5.20

          • guides FY24 EBIT (€100M)-(€50M) vs prior guidance €20-85M and FactSet €46.0M [4 est, €31-59M]

        • SRAIL.SW (Stadler Rail) -- Stadler adjusts guidance; notes impact from severe weather disasters

        • GYC.GR (Grand City Properties) -- reports 9M FFO €0.82 vs year-ago €0.82

        • WAC.GR (Wacker Neuson) -- reports Q3 EPS €0.14 vs FactSet €0.22 [1 est]; guidance 2024 trimmed due to persistent economic downturn

        • CWC.GR (CEWE Stiftung & Co) -- reports Q3 pretax income (€0.1M) vs year-ago €0.7M; confirms FY outlook

        • SLHN.SW (Swiss Life Holding) -- reports 9M Gross Written Premiums & fees CHF15.88B vs consensus CHF15.80B

        • DTE.GR (Deutsche Telekom) -- reports Q3 adjusted net income €2.34B vs consensus €2.40B; raises FY Adjusted EBITDA AL guidance to €43.0B vs prior €42.9B

        • STR.AV (STRABAG SE) -- 9M trading statement: reports output volume €13.62B and order backlog +4% y/y; raises net investments outlook

        • SIE.GR (Siemens AG) -- reports Q4 EPS pre-PPA €2.57 vs consensus €2.49; guides FY25

        • GFF.GR (Bilfinger) -- reports Q3 adjusted EPS €1.39 vs FactSet €1.23 [2 est, €1.22-1.24]; FY24 free cash flow forecast increased

        • SFG.GR (K+S AG) -- reports Q3 adj EPS (€0.24) vs consensus (€0.23); FY24 EBITDA now expected at ~€540M, closer to lower end of the previous range

        • MRK.GR (Merck KGaA) -- reports Q3 EPS pre one-time items €2.30 vs consensus €2.29

      • Benelux

        • ASML.NA (ASML Holding) -- ASML confirms potential 2030 scenarios for annual revenue between ~€44B and €60B with gross margin of between ~56% and 60%? -- CMD

        • DEME.BB (DEME Group) -- reports 9M revenue €2.99B, +32% vs year-ago €2.28B

      • Southern Europe

        • TIT.IM (Telecom Italia) -- reports Q3 EBITDA (organic) €1.11B vs FactSet €1.05B [3 est, €946-1.11B]

        • APPS.SM (Applus Services) -- reports 9M Trading Update: operating income €189.0M ex-items, +14% vs year-ago €165.9M; reaffirms FY guidance

      • France

        • ALO.FP (Alstom) -- reports H1 adjusted net income €224M vs consensus €213M

        • FGR.FP (Eiffage) -- reports Q3 revenue €5.89B vs StreetAccount €5.78B; confirms FY outlook

        • PHXM.FP (Phaxiam Therapeutics) -- issues Q3 financial information: cash and cash equivalents as of 30-Sep €5.7M vs 30-Jun €1.5M

        • HO.FP (Thales) -- sets new financial targets; EBIT margin improvement to 13-14% in 2028 - CMD

      • UK

        • BOO.LN (boohoo Group) -- reports full H1 earnings: EPS (2.0p) vs FactSet (2.9p) [2 est, (2.9)-(2.9p)]

      • Nordics

        • SHLF.NO (Shelf Drilling) -- reports Q3 net income $67.5M, +65% vs year-ago $40.9M

          • issues Nov fleet status report

        • BETCO.SS (Better Collective) -- reports Q3 EPS €0.01 vs FactSet €0.10 [2 est, €0.09-0.10]

        • LSG.NO (Lerøy Seafood Group) -- reports Q3 EPS NOK0.62 vs FactSet NOK0.53 [9 est, NOK0.40-0.63]

        • AUSS.NO (Austevoll Seafood) -- reports Q3 adjusted EPS NOK2.70 vs FactSet NOK2.21 [7 est, NOK1.53-2.76]

        • EMBRAC.B.SS (Embracer Group) -- reports Q2 adj EPS SEK0.17 vs FactSet SEK0.62 [9 est, SEK0.52-0.73]; now expects lower FY24/25 earnings y/y

        • ALK.B.DC (ALK-Abello) -- reports Q3 EPS DKK1.00 vs FactSet DKK0.79 [3 est, DKK0.70-0.90]; confirms FY guidance

    • M&A

      • BARC.LN (Barclays) -- in talks with Brookfield to sell majority stake in merchant acquiring unit - Sky News

      • EMBRAC.B.SS (Embracer Group) -- to divest Easybrain to Miniclip for consideration of $1.2B (SEK12.9B) on cash and debt free basis

      • SHEL.LN (Shell Plc) -- Shell looking to sell part of portfolio of nature-based carbon projects - Bloomberg

      • SGO.FP (Compagnie de Saint-Gobain) -- weighs €2.5B sale of auto glass unit -- Bloomberg, citing sources

      • VOLCAR.B.SS (Volvo Car) -- Zeekr planning to acquire up to 51% stake in Lynk & Co - Reuters

      • BMPS.IM (Banca Monte dei Paschi di Siena) -- Italy's Treasury to cut stake in Banca Monte dei Paschi di Siena - Reuters

        • Banco BPM acquires a 5% stake in Banca Monte dei Paschi di Siena as part of placing by Ministry of Economy and Finance

        • Anima purchases 3% of the share capital of Banca Monte dei Paschi di Siena as part of placing by Ministry of Economy and Finance

    • Healthcare

      • GSK.LN (GSK Plc) -- GSK highlights key data from hepatology portfolio at the AASLD's The Liver Meeting 2024

      • VLA.FP (Valneva) -- announces first participant has been vaccinated in Phase 2b controlled human infection model study of Shigella4V2

      • GUBRA.DC (Gubra A/S) -- announces positive results from single ascending dose phase 1 clinical trial with long-acting amylin analogue GUBamy

    • Other

      • SU.FP (Schneider Electric) -- announces early repayment on 15-Nov-24, of the sustainability-linked senior unsecured bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) due 15-Jun-26

      • OMV.AV (OMV) -- successfully receives arbitral award in relation to its German gas supplies from Gazprom Export

      • FHZN.SW (Flughafen Zuerich) -- notes Swiss Federal Council has decided to introduce roll-over mechanism

      • BOO.LN (boohoo Group) -- announces proposed conditional fundraise of up to ~ £39.3M

      • GAM.SW (Gam Holding) -- announces rights take-up and number of shares sold in its rights offering

      • ADN1.GR (adesso) -- announces CFO Jörg Schroeder to leave Executive board; appoints Michael Knopp as his successor in 2025

  • Key rating changes

    • Upgrades

      • DOCS.LN (Dr. Martens) -- to neutral from sell at Goldman Sachs

      • GN.DC (GN Store Nord) -- to buy from hold at Kepler Cheuvreux

      • JEN.GR (Jenoptik) -- to buy from add at Baader Helvea

      • UPM.FH (UPM-Kymmene) -- to buy from hold at Jefferies

    • Downgrades

      • VWS.DC (Vestas Wind Systems) -- to hold from buy at Berenberg

      • CABK.SM (CaixaBank) -- to reduce from hold at Kepler Cheuvreux

      • RRTL.GR (RTL Group) -- to hold from buy at Kepler Cheuvreux

    • Initiations

      • CCEP.LN (Coca-Cola Europacific Partners) -- buy at Deutsche Numis

    • Other Actions

      • ZIL2.GR (Elringklinger) -- transferred hold at Deutsche Bank; prior rating was hold

  • Data

    • Nikkei (0.43%) to 38555.34

    • Hang Seng (1.80%) to 19466.99

    • Shanghai Composite (1.27%) to 3395.77

    • S&P futures (6.8) vs prior close of 6016.0

    • €-$ (0.0015) or (0.14%) to 1.0551

    • $-¥ +0.37 or +0.24% to 155.86

    • €-¥ +0.20 or +0.12% to 164.44

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