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 (0.57%) to 8662.97, DAX (0.53%) to 22314.65, CAC40 +0.15% to 8122.58, STOXX 600 (0.20%) to 551.01

Feb 20 ,2025

  • Synopsis:

    • European equity markets closed mixed to mostly lower. Sweden +0.6%, Spain +0.3%, Portugal +0.2% and France +0.2% among gainers. UK (0.6%), Austria (0.9%), Netherlands (0.4%) and Germany (0.5%) among the decliners. Follows biggest drop for European markets in two months on Wednesday. US equities down in Thursday midday trading, near worst levels. Follows stocks finishing mostly higher in another fairly uneventful session on Wednesday (though S&P set a fresh record high). Oil gained. Gold pulled back from fresh all time, though still firmer on the session. Industrial metals higher.

    • Focus remains on geopolitical developments. European leaders offered support to Ukraine President Zelenskiy after Trump criticism on Wednesday. UK and France are drawing up plans for a European-led "reassurance force", which will include air support and troops at major Ukraine cities, ports and critical infrastructure. UK PM Starmer and French President Macron expected to present Ukraine plans to Trump in a visit to the White House next week. Also, Trump added levies on lumber and forest products to the mix from earlier this week and talked up potential for new China trade deal.

    • French PM Bayrou survived another confidence vote over recent controversial remarks on migration. More discussions in UK press on fiscal pressures amid weak growth backdrop. Survey by Baker Tilly shows majority of German industrial firms considering relocating activities abroad. ECB's Stournaras sees rates dropping to 2% in 2025. Macro data includes German PPI miss and lowest UK consumer confidence since Labour government came to power.

    • On the corporate front, Carrefour shares down ~(9%) after it reported mixed FY results and issued soft guidance. Focus on group's strategic review. Mercedes-Benz Group (MBG.GR) shares also lower today on back of downbeat 2025 guidance; the group also issued a strategy update. Airbus (AIR.FP) earnings with mixed takeaways; shares lower. BE Semiconductor (BESI.NA) shares opened sharply lower after the company reported a shortfall on Q4 orders; shares however pared losses to close marginally positive. Among notable gainers pn back of earnings/updates were Zurich Insurance (ZURN.SW), Lloyds Banking Group (LLOY.LN), Repsol (REP.SM), Centrica (CNA.LN) and Schneider Electric (SU.FP). Elsewhere, miners in focus: Anglo American (AAL.LN) reported FY earnings and also agreed to merge Los Bronces copper mine in Chile with state-backed Codelco's Andina mine, adding 120,000 tonnes of copper production per year from 2030. Rio Tinto (RIO.LN) also reported FY results; resisted shareholder push to end dual listing amid earnings drop..

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Basic Resources +0.61%, Real Estate +0.31%, Consumer Products and Services +0.30%, Retail +0.19%, Utilities +0.16%, Telecom +0.13%, Construct & Mtls +0.10%, Insurance (0.08%), Food, Beverage and Tobacco (0.14%), Technology (0.19%)

      • Underperformers:

        • Media (0.88%), Personal Care Drug and Grocery Stores (0.84%), Travel & Leisure (0.69%), Autos & Parts (0.49%), Ind Goods & Svcs (0.39%), Financial Svcs (0.38%), Energy(0.38%), Banks (0.25%), Health Care (0.22%),

    • Macro:

      • Central banks

        • ECB's Makhlouf Warns That Disinflation Process Faces Dangers - Bloomberg

      • UK

        • Wealthy parents ready to quit Britain over VAT on school fees - Times

        • Nigel Farage relinquishes ownership of Reform UK - FT

        • UK household confidence hits new low under Labour amid tax hikes and price fears - Bloomberg

        • UK Chancellor Reeves could cut cash ISA limit to boost retail investment - Telegraph

      • Germany

        • YouGov's final MRP of the 2025 German election shows Merz on course to be next chancellor -- link

        • Majority of industrial companies in Germany are considering relocating activities abroad - Handelsblatt

        • SPD politicians demand veto right for coalition agreement with CDU -- Welt

      • Markets

        • European IPOs Show Positive Signs After Bumpy Start to 2025 - Bloomberg

      • EU

        • EU Trade Chief Says Ready to Work With US on Lower Tariffs - Bloomberg

        • European Commission plans InvestEU guarantee boost, draft document shows - Reuters

    • Company news:

      • Notable Gainers

        • +19.0% IDEX.NO (IDEX Biometrics NOK0.13, +0.02) -- production order of 10,000 units from a smart card technology, security and ID company based in Middle-East & Africa

        • +15.3% ZAP.NO (Zaptec NOK20.40, +2.70) -- Pareto upgrade

        • +13.4% SBMO.NA (SBM Offshore €20.78, +2.45) -- FY earnings; FPSO Almirante Tamandaré producing and on hire

        • +12.7% ISS.DC (ISS A/S DKK163.70, +18.50) -- FY earnings; DKK 2.5B share buyback program

        • +11.3% MBTN.SW (Meyer Burger Technology CHF1.78, +0.18) -- extends bridge facility; signs first supply agreement for Italy with IBC SOLAR

        • +10.3% BIOA.B.SS (BioArctic SEK259.40, +24.20) -- FTC clears BioArctic's outlicensing of its PyroGlu-Aß antibody program to Bristol Myers Squibb

        • +8.5% BIOT.SS (Biotage SEK117.90, +9.20) -- Handelsbanken upgrade

        • +7.8% REP.SM (Repsol €13.13, +0.96) -- Q4 earnings

        • +6.7% ENRO.SS (Eniro Group SEK0.54, +0.03) -- Q4 earnings; appoints Carlsquare to evaluate the separate listing of Dynava

        • +6.5% NK.FP (Imerys €29.92, +1.82) -- Groupe Bruxelles Lambert considering buying out minority shareholders of Imerys - Bloomberg

        • +6.3% WG.LN (John Wood Group £0.26, +0.02) -- CFO resigns; $120M engineering contract extension from Shell UK

        • +6.0% ERA.FP (Eramet €56.85, +3.20) -- FY earnings

        • +5.6% CNA.LN (Centrica £1.44, +0.08) -- FY earnings; additioanl £500M share buyback; Sale and Purchase agreement with Petrobras

        • +5.1% TKO.FP (Tikehau Capital €22.50, +1.10) -- FY earnings

        • +5.0% FFARM.NA (ForFarmers €3.78, +0.18) -- FY earnings

        • +4.9% GGP.LN (Greatland Gold £0.09, -0.00) -- drilling results

        • +4.7% FLS.DC (FLSmidth & Co. DKK381.60, +17.00) -- Q4 earnings

        • +4.4% BSKP.SW (Basler Kantonalbank CHF75.60, +3.20) -- FY earnings

        • +4.3% NTGY.SM (Naturgy Energy Group €25.50, +1.06) -- FY earnings

        • +3.7% CMBN.SW (Cembra Money Bank CHF95.90, +3.45) -- FY earnings

        • +3.6% NN.NA (NN Group €47.27, +1.65) -- H2 earnings

        • +3.0% UHR.SW (Swatch Group CHF171.50, +5.00) -- Jan Swiss Watch Exports +4.1% to CHF1.99B

        • +3.0% SU.FP (Schneider Electric €254.60, +7.40) -- FY earnings

        • +2.7% SAFE.LN (Safestore Holdings £6.00, +0.16) -- trading update

        • +2.5% AAL.LN (Anglo American £24.29, +0.59) -- FY earnings; MoU with Chilean state-owned mining company Codelco

        • +2.1% KBX.GR (Knorr-Bremse €81.25, +1.70) -- Q4 earnings

        • +2.0% ZURN.SW (Zurich Insurance Group CHF575.20, +11.40) -- FY earnings

        • +0.7% BESI.NA (BE Semiconductor Industries €117.00, +0.80) -- Q4 earnings

        • +0.2% PNE3.GR (PNE €12.76, +0.02) -- FY guidance

      • Notable Decliners

        • -38.5% CWR.LN (Ceres Power Holdings £0.81, -0.50) -- Robert Bosch to end its partnership with Ceres and divest its minority holding of 17.44% in an orderly manner

        • -37.3% ZOO.LN (Zoo Digital Group £0.17, -0.10) -- trading update

        • -25.5% GSF.NO (Grieg Seafood NOK49.20, -16.80) -- Q4 earnings; contemplating NOK 1.5 - 2.0B hybrid bond to strengthen equity and financial flexibility

        • -22.6% CBRAIN.DC (cBrain DKK151.00, -44.20) -- Q4 earnings

        • -15.7% INDV.LN (Indivior £7.32, -1.36) -- Q4 earnings

        • -9.4% AGN.NA (Aegon €5.86, -0.61) -- H2 earnings

        • -8.8% CA.FP (Carrefour €12.50, -1.21) -- FY earnings; Oddo downgrade

        • -8.6% D6H.GR (Datagroup €41.50, -3.90) -- Q1 earnings

        • -8.4% ADP.FP (Aeroport de Paris €105.10, -9.60) -- FY earnings

        • -8.1% OET.NO (Okeanis Eco Tankers NOK248.50, -22.00) -- Q4 earnings

        • -8.0% KAMUX.FH (Kamux €2.60, -0.23) -- Q4 earnings

        • -6.9% FNM.SS (Ferronordic SEK62.10, -4.60) -- Q4 earnings

        • -6.6% KRN.GR (Krones €123.80, -8.80) -- prelim FY earnings

        • -5.5% VPK.NA (Royal Vopak €39.70, -2.30) -- Van Lanschot Kempen downgrade

        • -5.2% AFG.NO (AF Gruppen NOK150.80, -8.20) -- ABG Sundal Collier downgrade

        • -4.9% VSSAB.B.SS (Viking Supply Ships SEK90.20, -4.60) -- Q4 earnings

        • -4.6% NLFSK.DC (Nilfisk Holding DKK103.20, -5.00) -- Q4 earnings

        • -4.3% VRLA.FP (Verallia €27.16, -1.22) -- FY earnings

        • -4.1% BB.FP (Bic €63.20, -2.70) -- CIC Market Solutions downgrade

        • -3.9% CATE.SS (Catena SEK446.00, -18.00) -- Q4 earnings

        • -3.7% BURE.SS (Bure Equity SEK389.40, -15.00) -- Q4 earnings

        • -2.7% TEN.IM (Tenaris €18.19, -0.51) -- Q4 earnings

        • -2.6% XBRANE.SS (Xbrane Biopharma SEK0.15, -0.00) -- Q4 earnings

        • -2.5% GOFORE.FH (Gofore €21.35, -0.55) -- Q4 earnings

        • -2.3% AIR.FP (Airbus SE €165.08, -3.84) -- Q4 earnings

        • -1.2% DAI-FRA (17.00, -0.20) -- Q4 earnings

        • -0.8% TECN.SW (Tecan Group CHF206.20, -1.60) -- Deutsche Bank downgrade

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: Cofinimmo (COFB.BB), Heijmans (HEIJM.NA), Brunel International (BRNL.NA)

        • France: Air Liquide (AI.FP)

        • DACHs: Sika (SIKA.SW), Allreal Holding (ALLN.SW), Liechtensteinische Landesbank (LLBN.SW), BB Biotech (BION.SW), Calida (CALN.SW), Lang & Schwarz (LUS1.GR)

        • Nordics: Sagax (SAGA.B.SS), Elekta (EKTA.B.SS), engcon (ENGCON.B.SS), RaySearch Laboratories (RAY.B.SS), Synsam (SYNSAM.SS), Ework (EWRK.SS), Cavotec (CCC.SS), Paxman (PAX.SS), GARO (GARO.SS), Bjorn Borg (BORG.SS), NKT (NKT.DC), DFDS (DFDS.DC), Scanfil (SCANFL.FH)

        • Southern Europe: Poste Italiane (PST.IM), Semapa Sociedade de Investimento e Gestao (SEM.PL)

        • UK/Ireland: Standard Chartered (STAN.LN), Hargreaves Lansdown (HL.LN), Kingspan (KRX.ID)

      • CMD/events: Poste Italiane (PST.IM)

  • Data:

    • Economics:

      • Denmark Q4 Preliminary GDP +4.1% y/y vs consensus +2.6% and prior +3.1%

      • Switzerland Jan Trade Balance CHF6.12B vs consensus CHF3.6B and prior revised CHF3.48B from CHF3.49B

      • Netherlands Jan Unemployment Rate 3.8% vs consensus 3.7% and prior 3.7%

      • Germany Jan PPI +0.5% y/y vs consensus +1.3% and prior +0.8%

      • Switzerland Jan Trade Balance CHF6.12B vs consensus CHF3.6B and prior revised CHF3.48B from CHF3.49B

        • Jan Swiss Watch Exports +4.1% to CHF1.99B

    • Markets:

      • WTI Crude (Mar 25): +$0.75 or +1.04% to $73.00

      • €-$ +0.0047 or +0.45% to 1.0471

      • £-$ +0.0052 or +0.41% to 1.2639

      • €-£ +0.0002 to 0.8284

      • S&P 500 (0.87%)

      • Performance year-to-date

        • FTSE 100: +5.99%

        • DAX: +12.08%

        • CAC: +10.05%

        • MIB: +11.88%

        • Stoxx 600: +8.55%

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