Leaving BNY Website

 

You are leaving the BNY Mellon's 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

© 2025 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@bny.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.

Regulation S Disclaimer

 

Access To This Company Profile Is Restricted To Non-U.S. Persons Outside The United States Within The Meaning Of Regulation S Under The U.S. Securities Act Of 1933, As Amended (The "Securities Act").1

 

This company profile does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction or under any circumstances in which such offer or solicitation is unlawful.

 

Each person accessing this company profile, by so doing, will be deemed to have acknowledged that: (1) It is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) Any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities.

 

If you agree with and accept the foregoing and the Terms of use governing this site, please select "Accept" below. Otherwise, press "Decline" to return to the previous page.

 

1 As defined in the Securities Act, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

I Accept Decline

© 2024 The Bank of New York Mellon Corporation
Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: FTSE flat, DAX +0.5%, CAC +0.5%, IBEX +0.5%, MIB +0.5%

Jan 06 ,2025

  • Synopsis

    • European equity markets set to open mostly higher (UK's FTSE 100 indicated flat). Last week, European equity markets posted a mixed performance in a holiday-shortened week with few notable developments. STOXX 600 was up just 0.20%, following choppy performance in Dec-2024 and the worst quarterly performance in nearly two years.

    • Asia equities trading mixed Monday. A very strong day in Taiwan and South Korea as tech stocks jump sharply. Japan stocks lagging. China services activity expands at fastest pace in seven months.

    • In Europe, still relatively quiet but newsflow likely to pick up in the latter part of the week with earnings/updates due from the likes of Sika (SIKA.SW), Tesco (TSCO.LN), Next (NXT.LN), Danske Bank (DANSKE.DC), Sodexo (SW.FP) and Volvo Car (VOLCAR.B.SS).

    • Focus on Austria political landscape with the country headed for fresh coalition talks led by the far-right Freedom Party (FPÖ) after efforts to form a centrist government without the FPO fell apart and prompted Chancellor Karl Nehammer to resign. Nehammer's successor, Christian Stocker, is open to negotiating with the FPÖ. Today, FPÖ leader Herbert Kickl is scheduled to meet with Austria's president, Alexander Van der Bellen.

    • Note that Sweden, Greece and Finland are closed today for the Epiphany holiday (with bank holidays in several other countries though stock markets remain open). In USA, NYSE and NASDAQ to close on Thu to honor Jimmy Carter.

    • European macro data releases out today include Germany prelim Dec CPI, Switzerland Nov Retail Sales, Sweden/Spain/Italy/France/Germany/Eurozone/UK Dec Services PMI, Eurozone Jan Sentix Investor Confidence, Portugal Nov Unemployment Rate, Netherlands Nov retail sales. Also Germany and UK Dec new car registrations.

    • In central banks, the first of the ECB Economic Bulletin pre-releases at 10:00CET. In UK, MPs return after Christmas Recess and begin with questions on defence, and parliament will debate a petition to call a General Election.

  • Macro/politics

    • ECB has been too slow to cut rates, Eurozone economists warn -- FT, citing poll

    • UK business morale hits two-year low after tax rises, survey shows -- Reuters, citing BCC

    • Austrian Far Right Leader Kickl Gets Chance to Form Government -- Bloomberg

    • Austria's president to meet far-right leader amid coalition speculation -- Guardian

    • Italy Plans $1.6 Billion SpaceX Telecom Security Services Deal -- Bloomberg

    • China's PBOC Vows More Support for Innovation and Consumption -- Bloomberg

  • Top company news

    • Earnings/updates

      • STLAM.IM (Stellantis) -- FCA US reports Q4 sales of 320,743 vehicles, (7%) y/y

      • VOW3.GR (Volkswagen) -- of America reports Q4 sales 103,194; +7.0% y/y

      • AI.FP (Air Liquide) -- announces availability of pre-FY 2024 results communication

      • BAKKA.NO (Bakkafrost) -- reports Q4 harvest volumes 20.4Kt vs prior 27.0Kt

    • M&A

      • MUX.GR (Mutares SE & Co KGaA) -- Iveco Group transfers full ownership of Magirus to Mutares; deal was announced 13-Mar

      • URW.FP (URW) -- sells 15% stake in Westfield Forum des Halles to CDC Investissement Immobilier for €235M

      • EXA.FP (Exail Technologies) -- acquires Leukos, a company specializing in lasers, including supercontinuum lasers. Terms were not disclosed

      • Databricks, Snowflake spoke (separately) about acquiring AI search startup Voyage - The Information

    • Healthcare

      • NOVO.B.DC (Novo Nordisk) -- FDA publishes Citizen Petition seeking to restrict compounded liraglutide (2-Jan)

      • NOVO.B.DC (Novo Nordisk) -- sponsored UK pharmacies to boost sales of Wegovy, Saxenda - Observer

      • SANN.SW (Santhera Pharmaceuticals Holding) -- Santhera enters into supply and distribution agreement for AGAMREE (Vamorolone) with Clinigen Group

    • Other

      • GALP.PL (Galp Energia SGPS) -- Galp Energia ethics committee investigating complaint about CEO Filipe Silva - ECO

      • TGS.NO (TGS-NOPEC Geophysical Co.) -- TGS Announces Dawson III 3D Seismic Survey in the Western Canadian Sedimentary Basin

      • Estimated weekend box office revenues in US, Canada $103.7M, +20.7% y/y - Box Office Mojo

      • XPeng, Volkswagen enter MOU to jointly build super-fast charging network in China

  • Key rating changes

    • Upgrades

      • Jefferies upgrades ENQ.LN, IPCO.SS

      • RMS.FP (Hermes) -- to buy from hold at Stifel

      • SXS.LN (Spectris) -- to buy from hold at HSBC

      • RXL.FP (Rexel) -- to outperform from market perform at Bernstein

      • SAND.SS (Sandvik) -- to market perform from underperform at Bernstein

      • AKRBP.NO (Aker BP) -- to buy from hold at SEB

      • CURY.LN (Currys) -- to neutral from underperform at BNP Paribas Exane

    • Downgrades

      • EQNR.NO (Equinor) -- to neutral from buy at Sparebank 1 Markets

      • RBREW.DC (Royal Unibrew) -- to equal weight from overweight at Barclays

      • LIGHT.NA (Signify) -- to market perform from outperform at Bernstein

      • NEX.FP (Nexans) -- to market perform from outperform at Bernstein

      • ABBN.SW (ABB Limited) -- to underperform from market perform at Bernstein

      • EPI.A.SS (Epiroc) -- to underperform from outperform;at Bernstein

      • QIA.GR (Qiagen) -- to equal-weight from overweight at Morgan Stanley

      • Jefferies downgrades ENOG.IT, ENOG.LN; others

  • Data

    • Nikkei (1.47%) to 39307.05

    • Hang Seng (0.48%) to 19666.18

    • Shanghai Composite (0.27%) to 3202.64

    • S&P futures +5.5 vs prior close of 5989.5

    • €-$ +0.0007 or +0.07% to 1.0312

    • $-¥ +0.43 or +0.27% to 157.65

    • €-¥ +0.55 or +0.34% to 162.57

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