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 +0.05%, DAX +0.14%, CAC40 (0.05%)

Feb 17 ,2025

  • Synopsis

    • European equity markets are set for a mixed-to-higher open with Asian equities mostly in positive territory Monday. Korea and Taiwan outperforming with semis seeing broad gains. Greater China markets extending their positive run. Banks weighing on ASX while Japan flat. US contracts nudging higher. Note, US markets are closed today for Presidents Day.

    • Ukraine war in the headlines as Trump administration officials said they are to start Ukraine peace talks in the coming days with Russian and Ukrainian negotiators in Saudi Arabia, however a Ukrainian official told POLITICO the announcement came as a surprise to Kyiv, and there were no plans to send a delegation. The US officials also said there are no plans for representatives from other major European powers to join the talks. Ahead of emergency meeting of European leaders in Paris today, EU Council president Costa said EU must be involved in negotiations in order to map out Europe's future security architecture.

    • Elsewhere, EU's von der Leyen meets with Gen. Keith Kellogg, US Special Presidential Envoy for Ukraine and Russia. UK Conservative Party leader Badenoch and Reform UK's Farage among the speakers at Alliance for Responsible Citizenship (ARC) conf. Norway's minister of trade, industry and fisheries Myrseth meets with business leaders at 10:00CET with trade with the United States on the agenda.

    • In central banks, Bundesbank's Nagel speech at 12:00CET at Union International Club, the bank also publishing its latest Monthly Report. Eurogroup meeting with ECB's Lagarde and Cipollone among the participants. There's an informal meeting of the EU's General Affairs Council (through Tue). On ARD at 20:15CET, German federal election candidates Merz, Scholz, Habeck, Weidel separately answer questions posed by a live audience in a town hall format.

    • In macro data, Rightmove released UK Feb house price index +1.4% y/y vs prior +1.8%; +0.5% m/m vs prior +1.7%. Today also sees Italy and Spain Dec trade balance, Norway Jan trade balance and Sweden Jan unemployment rate out for release

    • On a light earnings front, Bakkafrost (BAKKA.NO) reported Q4 operational EBIT DKK280M vs FactSet DKK355.6M whilst La Francaise des Jeux (FDJ.FP) is out with FY adjusted EBITDA €792M vs FactSet €740.1M. Rio Tinto (RIO.LN) said its iron ore port, rail, mine operations have resumed

  • Macro

    • UK Feb house price index +1.4% y/y vs prior +1.8%; +0.5% m/m vs prior +1.7% - Rightmove

    • German election: Candidates spar on economy, Ukraine, Vance - DW

    • Bank of Italy's Panetta says no need for ECB to hold back on interest rate cuts - speech

    • ECB Watchers Are Now Forecasting Even Lower Rates for 2026 - Bloomberg

    • Potentially putting Britons in harm's way is a huge responsibility, but we must be ready to do our bit for Europe - Telegraph

    • Trump team to start Russia-Ukraine peace talks in Saudi Arabia - politico

    • Macron convenes European leaders for Ukraine summit amid tension with US - Guardian

    • Costa says Europe needs to negotiate 'new security architecture' with Russia - FT

    • UK 'ready' to send peace-keepers to Ukraine, PM Starmer says - politico

    • Treasury seeks clarity on cost of Thames Water renationalisation - FT

  • Top company news

    • Earnings/updates

      • France:

        • FDJ.FP (La Francaise des Jeux) -- reports FY adjusted EBITDA €792M vs FactSet €740.1M [7 est, €693.8-767M]

      • Norway:

        • ORK.NO (Orkla) -- Jotun reports FY24 operating profit NOK6.76B vs year-ago NOK6.43B

        • BAKKA.NO (Bakkafrost) -- reports Q4 operational EBIT DKK280M vs FactSet DKK355.6M [11 est, DKK301.7-411.5M]

        • RATO.B.SS (Ratos) -- reports Q4 EPS SEK0.05 ex-items vs FactSet SEK0.25 [4 est, SEK0.14-0.45]

        • KOSKI.FH (Koskisen) -- reports Q4 EPS €0.07 vs FactSet €0.09 [3 est, €0.07-0.12], cuts dividend, provides 2025 guidance

      • UK:

        • RIO.LN (Rio Tinto) -- Rio Tinto's iron ore port, rail, mine operations have resumed

    • M&A

      • NOKIA.FH (Nokia) -- EU expected to approve Nokia's $2.3B acquisition of Infinera without conditions - Reuters, citing sources

      • PST.IM (Poste Italiane) -- to carry out Telecom Italia-Nexi stake swap with Cassa Depositi e Prestiti

      • AGR.LN (Assura) -- confirms receipt of preliminary, unsolicited approach from KKR

      • TLGO.SM (Talgo) -- Pegasus and consortium reach agreement for the acquisition of a 29.7% stake in Talgo

      • ISB.IR (Íslandsbanki) -- Arion Banki expresses interest in merger talks with Íslandsbanki

      • MBTN.SW (Meyer Burger Technology) -- extends bridge facility and proceeds with strategic M&A process

      • PST.IM (Poste Italiane) -- In relation to stake swap, Poste Italiane to grant Cassa Depositi €180M cash adjustment - Bloomberg, citing people familiar with the matter

      • AMS.SJ (Anglo American Platinum) -- Follow-up: Anglo American Platinum updates on demerger and capital structure

      • ISB.IR (Íslandsbanki) -- confirms receipt of merger interest from Arion Bank (ARION.IR)

      • City looking to combine BP, Shell - Mail on Sunday

      • AMCI seeking to sell an interest in its Fitzroy mining complex - The Australian

    • Healthcare

      • PHO.NO (Photocure) -- announces presentation on 14-Feb of new abstract with study results from its U.S. bladder cancer patient registry at the 2025 ASCO in San Francisco

      • GSK.LN (GSK Plc) -- GSK announces FDA approval of Penmenvy 5-in-1 meningococcal vaccine; CDC ACIP next step

      • SAN.FP (Sanofi) --

        • FDA approves Sanofi's Merilog, Merilog Solostar, first US biosimilars of Novolog

        • FDA issues press release on the approval of Sanofi's Merilog

      • GLPG.NA (Galapagos) -- holder Tang Capital Management files initial 13D; discloses 7.5% stake - 13D

      • GNFT.FP (GENFIT) -- announces amendment of the final terms of the dual proposal to the 2025 OCEANEs holders

      • ABVX.FP (Abivax) -- SEC filing: SCHEDULE 13D/A (Filed by Sofinnova Crossover I)

      • IPH.FP (Innate Pharma) -- FDA grants Breakthrough Therapy Designation to Innate Pharma's lacutamab to treat r/r SS

      • BAVA.DC (Bavarian Nordic A/S) -- receives US FDA approval of Chikungunya vaccine for persons aged 12 and older

      • 9995.HK (RemeGen) -- presents updated data from Phase II trial of DV plus immunotherapy as perioperative regimen for MIBC

    • Other

      • NB2.GR (Northern Data) -- appoints John Hoffman as new COO

      • CLARI.FP (Clariane) -- amends and extends its syndicated facility and issues a new real-estate credit line

      • OUT1V.FH (Outokumpu) -- cleared out of arbitration proceedings regarding Fennovoima

      • VOD.LN (Vodafone Group) -- SEC filing: SCHEDULE 13D/A (Filed by Emirates Telecommunications Group Co PJSC)

      • STLAM.IM (Stellantis) -- SEC filing: SCHEDULE 13D/A (Filed by Bpifrance Participations SA)

      • TEF.SM (Telefonica) -- invokes the Ordinary Insolvency Procedure of Telefónica del Perú

      • BNP.FP (BNP Paribas) -- investors concerned about CEO succession planning - Reuters

      • RHM.GR (Rheinmetall) -- expects to continue growing even faster than previously thought as the US calls on Europe to boost defence spending - Reuters

      • AV.LN (Aviva) -- Aviva's Indian unit ordered to pay $7.5M (£6M) in back taxes and penalties over fake invoices - Reuters

      • ACE.IM (ACEA) -- Eni's Plenitude considering buying Acea Energia - Milano Finanza

      • Estimated weekend box office revenues in US, Canada $152.8M, +94.3% y/y - Box Office Mojo

      • Regional Gaming Revenues - New Jersey January 2025

  • Key rating changes

    • Upgrades

      • AKVA.NO (AKVA Group) -- buy from hold at Pareto

      • FXPO.LN (Ferrexpo) -- buy from hold at Peel Hunt

      • HSBC upgrades DEMANT.DC; downgrades GN.DC, SOON.SW

      • KRX.ID (Kingspan Group) -- to neutral from underweight at JPMorgan

    • Downgrades

      • TOM.NO (Tomra Systems) --

        • sell from hold at Nordea

        • sell from hold at SEB

      • NESTE.FH (Neste) -- to reduce from accumulate at Inderes

      • CBK.GR (Commerzbank) -- to market perform from outperform at Keefe, Bruyette & Woods

      • HUH1V.FH (Huhtamaki) -- to hold from buy at Danske Bank

      • WHA.NA (Wereldhave) -- to neutral from buy at Van Lanschot Kempen

    • Initiations

      • JD.LN (JD Sports Fashion) -- hold at Kepler Cheuvreux

      • Oddo initiates BYG.LN, SAFE.LN

  • Data

    • Nikkei +0.06% to 39174.25

    • Hang Seng (0.15%) to 22585.49

    • Shanghai Composite +0.05% to 3348.31

    • S&P futures +12.3 vs prior close of 6132.0

    • €-$ +0.0005 or +0.05% to 1.0493

    • $-¥ (0.48) or (0.31%) to 151.78

    • €-¥ (0.43) or (0.27%) to 159.24

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