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 +1.30% to 8734.98, DAX +1.52% to 21913.01, CAC40 +1.66% to 8023.03, STOXX 600 +1.23% to 545.17

Feb 06 ,2025

  • Synopsis:

    • European equity markets closed higher, near best levels, with fresh record highs for STOXX 600 and FTSE 100. Follows mostly firmer levels on Wednesday. Benchmark Gilt up 1 bp after BoE decision. Dollar softer versus yen, firmer elsewhere. Sterling under pressure following BoE rate cut. Oil up. Gold down. Industrial metals mostly higher.

    • Sentiment positive with early week volatility ebbing with no further tariff developments. Earnings taking precedence with AMZN due after the close today following number of higher-profile disappointments in US tech, healthcare and auto. Some focus on more docile China response following Trump's tariff announcement. USPS reversed initial decision to ban all inbound parcels from China, which follows US decision to revoke de minimis tariff exemption that sparked concerns about impact on operations of China e-commerce vendors. Uncertainty also surrounds prospects of a Trump-Xi phone call with nothing scheduled so far. Russia also said prepartions for Putin-Trump meeting at adavanced level.

    • In Central banks, BoE cut key rate by 25 bps to 4.5%, as expected. Vote split more dovish with two members backing larger 50 bps move, including longstanding hawk Catherine Mann.

    • On macro data front, UK consumer inflation expectations survey eased in January. German factory orders record big jump in December. Construction PMI shows euro area activity continues to contract, while UK sees first fall since February 2024. Eurozone retail sales missed.

    • Meanwhile, some of the UK's biggest retailers have called on government to follow Trump's lead and close a tax loophole being exploited by China's Shein and Temu. Press reports suggest PM Starmer may dismiss Reeves in order to shore up popularity. Elsewhere, French PM Bayrou's budget was approved after surviving first confidence vote. French press send left-wing alliance is also close to collapse after Socialists decided not to censure government and allow adoption of budget.

    • In corporate news, ArcelorMittal (MT.NA) reports Q4 adj EPS $0.52 vs consensus $0.54 and hikes divi by 10%. ING Groep (INGA.NA) reports Q4 net income €1.15B vs consensus €1.22B. In France, SOITEC (SOI.FP) reports Q3 revenue €226M vs FactSet €250.9M [3 est, €247-256M]; lowers FY25 guidance. Societe Generale (GLE.FP) Q4 net income €1.04B vs consensus €814M; proposes distribution of €2.18/sh. In the DACH region, Siemens Healthineers (SHL.GR) reports Q1 EPS €0.51 ex-items vs consensus €0.47. Aurubis (NDA.GR) reports Q1 Operating Net Income €99M vs consensus €98M. Out of the Nordics, Ørsted (ORSTED.DC) announces adjustments to business plan and provides updated financial targets and policies. Telenor (TEL.NO), Volvo Car (VOLCAR.B.SS), GN Store Nord (GN.DC) are also out with their respective earnings update. UK companies morning earnings: AstraZeneca (AZN.LN), Compass Group (CPG.LN) and Anglo American (AAL.LN).

    • In M&A news: Sidenor to increase its offer for Talgo to near €5/sh - El Confidencial.

    • Looking ahead to Monday's calendar (see - Europe Week Ahead: 03-Feb to 07-Feb attached) Kongsberg Gruppen (KOG.NO), Yara International (YAR.NO), Banco de Sabadell (SAB.SM), Saab (SAAB.B.SS), Skanska (SKA.B.SS), Danske Bank (DANSKE.DC), EMS-Chemie (EMSN.SW), Aperam (APAM.NA), Orange Belgium (OBEL.BB) will be among other names to update investors, whilst the macro-calendar releases will include Germany Dec trade balance, industrial production, France Dec trade balance, Spain Dec industrial production, Switzerland Jan consumer confidence, Norway Dec manufacturing production, Denmark Dec manufacturing production, UK Jan house price index - Halifax, Austria Jan PPI.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Basic Resources +4.20%, Banks +3.20%, Construct & Mtls +3.01%, Chemicals +2.41%, Autos & Parts +1.53%,

      • Underperformers:

        • Utilities (1.45%), Media (0.28%), Real Estate +0.05%, Oil & Gas +0.34%, Health Care +0.78%, Telecom +0.81%, Ind Goods & Svcs +1.02%, Travel & Leisure +1.02%, Technology +1.07%, Financial Svcs +1.12%, Insurance +1.14%, Persnl & HHold Goods +1.19%, Retail +1.22%, Food & Beverage +1.22%,

    • Macro/Peripheral markets:

      • Geopolitics

        • UK takes on leadership of Biden-era Ukraine military aid group - Politico

        • Trump doubles down on kicking Palestinians out of Gaza - Politico

        • Iran says verifying its nuclear programme is an 'easy task' - Reuters

        • 'Trump peace plan for Ukraine' is 'leaked' - Dailymail

      • Central Banks

        • Bank of England cuts interest rates to 4.5% and slashes UK growth forecast - BBC

        • Interest rate vote reveals fears over health of economy - The Times

        • BOE Says Rush to Ship Gold to US Fuels Clamor for Removal Slots - Bloomberg

      • EU

        • China appoints 'wolf warrior' ambassador to manage affairs with Europe - FT

        • Brussels to exempt most EU companies from carbon border tax - FT

      • UK

      • France

        • French Senate approves 2025 budget - Reuters

      • Germany

        • In Germany, a whole decade without growth is looming - Handelsblatt

        • Shortage of orders in residential construction rises to record level, according to Ifo - Handelsblatt

      • Hungary

        • Hungary floats WHO withdrawal after Trump and Milei exits - Politico

      • Finland

        • Trump Reiterates Vision of Gaza Takeover, Relocating Palestinians - Bloomberg

    • Company news:

      • Trading Higher:

        • +37.3% B4B.GR (METRO €5.37, +1.46) -- Q1 earnings; and EPGC sign an agreement for the delisting of METRO AG

        • +26.6% ITECH.SS (I-Tech SEK81.00, +17.00) -- Q4 earnings

        • +19.1% EMEIS.FP (Emeis SA €7.94, +1.27) -- FY earnings; Oddo upgrade

        • +16.7% FARN.LN (Faron Pharmaceuticals £1.75, +0.25) -- placing was oversubscribed 1.8 times, thus has decided to upsize offering and raise gross proceeds of €12M

        • +15.5% MILDEF.SS (MilDef Group NT$147.20, +19.80) -- Q4 earnings

        • +13.9% MT.NA (ArcelorMittal €27.76, +3.39) -- Q4 earnings

        • +13.7% GNC.LN (Greencore Group £2.08, +0.25) -- Deutsche Numis downgrade

        • +13.5% GLE.FP (Societe Generale €35.06, +4.17) -- Q4 earnings

        • +13.1% FRACTL.SS (Fractal Gaming Group SEK39.70, +4.60) -- Q4 earnings

        • +12.7% BOL.SS (Boliden SEK375.60, +42.40) -- Q4 earnings

        • +11.9% LAMM.B.SS (Lammhults Design Group SEK25.40, +2.70) -- Q4 earnings

        • +11.8% MTG.B.SS (Modern Times Group MTG SEK115.30, +12.20) -- Q4 earnings

        • +9.1% SRC.LN (SigmaRoc £0.77, +0.06) -- CRH sells 171.6M ordinary shares in SigmaRoc at 67p/sh, raising aggregate gross proceeds of ~ £115M

        • +8.9% MYCR.SS (Mycronic SEK487.60, +39.80) -- Q4 earnings

        • +8.3% ATORX.SS (Alligator Bioscience SEK0.03, -0.00) -- completes End of Phase 2 interaction with FDA for Mitazalimab

        • +8.0% CARL.B.DC (Carlsberg DKK792.00, +58.80) -- FY earnings

        • +7.7% NAS.NO (Norwegian Air Shuttle NOK11.21, +0.81) -- Jan traffic; initiated buy at Arctic Securities

        • +7.5% BEIA.B.SS (Beijer Alma SEK190.00, +13.20) -- Q4 earnings

        • +7.1% NEWA.B.SS (New Wave Group SEK115.40, +7.60) -- Q4 earnings

        • +6.9% DETEC.FH (Detection Technology €15.40, +1.00) -- Q4 earnings

        • +6.7% ORSTED.DC (Ørsted DKK300.00, +18.80) -- Q4 earnings; adjustments to business plan; provides updated financial targets and policies

        • +6.6% APOTEA.SS (Apotea SEK79.68, +4.94) -- Q4 earnings

        • +6.5% DATA.LN (GlobalData £1.98, +0.12) -- £50M buyback and move from AIM to Main Market

        • +6.4% BAB.LN (Babcock International Group £5.77, +0.35) -- trading update; raises FY guidance

        • +6.3% AZN.LN (AstraZeneca £118.24, +6.98) -- Q4 earnings

        • +6.3% MAERSK.B.DC (Maersk DKK11,560.00, +690.00) -- FY earnings; initiates share buy-back program of up to DKK 14.4B (~ $2B)

        • +5.8% ATT.SS (Attendo SEK56.10, +3.10) -- Q4 earnings; to launch SEK150M share buyback

      • Trading Lower:

        • -29.2% SOI.FP (SOITEC €58.10, -24.00) -- Q3 revenue; lowers FY guidance

        • -18.9% W7L.LN (Warpaint London £4.32, -1.01) -- trading update

        • -18.6% HNSA.SS (Hansa Biopharma SEK27.38, -6.24) -- Q4 earnings

        • -17.9% WBGR.B.SS (Wastbygg Gruppen SEK19.45, -4.25) -- Q4 earnings; CEO to step down; to carry out rights issue of ~ SEK 150M; issued letter of intent for divestment of project development operations within the Residential business area

        • -15.0% RECSI.NO (REC Silicon NOK1.21, -0.21) -- Q4 earnings

        • -14.1% AIRX.NO (Airthings NOK2.19, -0.36) -- Q4 earnings

        • -10.8% LEON.SW (Leonteq CHF17.76, -2.14) -- FY earnings

        • -10.2% VOLCAR.B.SS (Volvo Car SEK21.27, -2.43) -- Q4 earnings

        • -7.9% LOTB.BB (Lotus Bakeries €9,380.00, -800.00) -- FY earnings

        • -7.5% SOLAR.B.DC (Solar DKK269.50, -22.00) -- Q4 earnings

        • -7.4% DNO.NO (DNO ASA NOK12.50, -1.00) -- FY earnings

        • -7.4% CEVI.SS (CellaVision SEK206.00, -16.50) -- Q4 earnings

        • -6.5% ATEA.NO (Atea NOK137.00, -9.60) -- Q4 earnings

        • -6.1% DNORD.DC (D/S Norden DKK189.80, -12.40) -- Q4 earnings

        • -5.8% PRIC.B.SS (Pricer SEK10.48, -0.64) -- Q4 earnings

        • -4.8% BUFAB.SS (Bufab SEK442.80, -22.20) -- FY earnings

        • -4.6% VERK.FH (Verkkokauppa.com €1.66, -0.08) -- Q4 earnings

        • -3.3% BRE2.SS (Bredband2 i Skandinavien SEK2.05, -0.07) -- Q4 earnings

        • -2.9% LOG.SM (Logista Integral €28.58, -0.86) -- Q1 earnings

        • -2.0% SRV1V.FH (SRV Group €4.98, -0.10) -- Q4 earnings

        • -1.5% JLP.LN (Jubilee Metals Group £0.04, -0.00) -- Zambia Projects update

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: Aperam (APAM.NA), Orange Belgium (OBEL.BB

        • DACHs: EMS-Chemie (EMSN.SW), Vontobel (VONN.SW), Mobimo (MOBN.SW), LEM Holding (LEHN.SW

        • Denmark: Danske Bank (DANSKE.DC)

        • Finland: Konecranes (KCR.FH), YIT (YIT.FH), Lindex (LINDEX.FH)

        • Norway: Kongsberg Gruppen (KOG.NO), Yara International (YAR.NO), Schibsted (SCHB.NO), Sparebanken Vest (SVEG.NO), Norske Skog (NSKOG.NO)

        • Southern Europe: Banco de Sabadell (SAB.SM), Iveco Group (IVG.IM)

        • Sweden: Saab (SAAB.B.SS), Skanska (SKA.B.SS), Fastighets AB Balder (BALD.B.SS), Sweco (SWEC.B.SS), Thule (THULE.SS), AFRY (AFRY.SS), Nolato (NOLA.B.SS), Troax (TROAX.SS), Boozt (BOOZT.SS), Hoist Finance (HOFI.SS), Hexatronic (HTRO.SS), ITAB Shop Concept (ITAB.SS), Plejd (PLEJD.SS), Knowit (KNOW.SS), CTT Systems (CTT.SS), Solid Forsakrings (SFAB.SS), Enad Global 7 (EG7.SS), C-RAD (CRAD.B.SS)

        • UK: Ashmore Group (ASHM.LN)

      • Trading Update: Buzzi (BZU.IM), Clas Ohlson (CLAS.B.SS), HEXAOM (ALHEX.FP)

      • Traffic: VINCI (DG.FP)

  • Data:

    • Economics:

      • Switzerland Jan Unemployment Rate (sa) 2.7% vs consensus 2.7% and prior revised 2.7% from 2.6%

      • Sweden Jan preliminary CPI +1.0% y/y vs consensus +0.5% and prior +0.8%

      • Germany

        • Dec Factory Orders +6.9% m/m vs consensus +2.0% and prior revised (5.2%) from (5.4%)

        • Jan Construction PMI 42.5 vs consensus 38.0 and prior 37.8

      • UK Jan Construction PMI 48.1 vs consensus 53.4 and prior 53.3

      • Eurozone Dec Retail Sales +1.9% y/y vs consensus +1.9% and prior revised +1.6% from +1.2%

    • Markets:

      • WTI Crude (Mar 25): +$0.26 or +0.37% to $71.29

      • €-$ (0.0030) or (0.29%) to 1.0373

      • £-$ (0.0065) or (0.52%) to 1.2439

      • €-£ +0.0019 to 0.8339

      • S&P 500 +0.20%

      • Performance year-to-date

        • FTSE 100: +6.88%

        • DAX: +10.07%

        • CAC: +8.70%

        • MIB: +8.54%

        • Stoxx 600: +7.40%

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