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 +0.28% to 8756.21, DAX (1.07%) to 22550.89, CAC40 (0.51%) to 8102.52, STOXX 600 (0.46%) to 557.11

Feb 27 ,2025

  • Synopsis:

    • European equity markets closed mostly lower, near worst levels. Autos/parts, media and retail the big decliners; industrials goods/services a standout gainer. Follows firmer close on Thursday. US equities mostly higher in Thursday midday trading. NVDA a drag post-earnings.

    • Focus on tariffs after Trump said at first cabinet meeting Canada and Mexico tariffs will proceed with 2-Apr start date, which seemed to contradict proposed early March date. Added that US will also impose 25% tariffs on EU, singling out autos. However, Trump softened his rhetoric on China, refuting reports about investment and curbs and saying he'd welcome Chinese investment in US. Trump also refused to commit to protecting Taiwan from an invasion. UK Chancellor Reeves said the government wants to boost trade with the US, as it tries to avoid tariffs. Other theme in focus is AI secular growth with NVDA flagging fully ramped Blackwell, which it said is seeing "extraordinary demand", while also putting a positive spin on the DeepSeek breakthrough.

    • Attention also on Ukraine developments, with UK PM Starmer in Washington to hold talks with Trump. Starmer warned ahead of trip that without a US security guarantees, Russia might invade Ukraine again. Trump also confirmed Wednesday that Ukraine President Zelenskiy will visit the US on Friday to sign a draft minerals deal but does not include security guarantees and Trump ruled out Ukraine joining NATO. US headline January durable goods orders topped forecasts, though ex-transport was flat against expectations for a monthly rise. Core capital-goods orders better than expected though December revised lower. Weekly initial jobless claims jumped to a higher-than-expected 242K from prior week's 220K; continuing claims declined vs consensus for a rise.

    • On macro data front, Eurozone M3 money supply growth expanded in January, Spanish CPI edged up as expected, French PPI firmer-than-forecast and Swiss Q4 GDP slowed. Eurozone economic sentiment indicator beats forecast, though consumer confidence remains weak.

    • A busy morning for earnings with DACHs companies kicking off the session, Kion Group (KGX.GR), Nordex (NDX1.GR), Swiss Re (SREN.SW), Beiersdorf (BEI,GR) and FORVIA HELLA (HLE.GR) are amongst other in the region to update investors with their latest numbers. In France, AXA (CS.FP), Wendel (MF.FP), ENGIE (ENGI.FP), Technip Energies (TE.FP) and Veolia Environnement (VIE.FP) reported FY/Q4 numbers.

    • In Southern Europe, EDP-Energias de Portugal (EDPR.PL), Pirelli & C. (PIRC.IM), Telefonica (TEF.SM), Prysmian (PRY.IM), Fluidra (FDR.SM), Endesa (ELE.SM), Iberdrola (IBE.SM) and Eni (ENI.IM) reported end of year results. In Benelux, AMG Critical Materials (AMG.NA), Aalberts (AALB.NA), and UCB (UCB.BB) released FY/Q4 earnings report. In the UK, WPP Group (WPP.LN), Ocado Group (OCDO.LN), Haleon (HLN.LN), Rolls-Royce Holdings (RR.LN), London Stock Exchange Group (LSEG.LN) reported Q4/FY numbers.

    • In M&A, Bloomberg reported that Saudi Arabia's Public Investment Fund (PIF) was holding talks about investing in the aerostructures unit of Leonardo (LDO.IM). In other corporate developments, EXOR (EXO.NA) announced completion of the sale of ~ 7M Ferrari (RACE.IM) common shares to institutional investors for total proceeds of €3B.

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 24-Feb to 28-Feb attached)International Consolidated Airlines Group (IAG.LN), Pearson (PSON.LN), Rightmove (RMV.LN), Holcim (HOLN.SW), Leroy Seafood Group (LSG.NO), Austevoll Seafood (AUSS.NO), , Allianz (ALV.GR), BASF (BAS.GR), Casino, Guichard-Perrachon (CO.FP), Forvia (FRVIA.FP), Ackermans & van Haaren (ACKB.BB) and Shurgard Self Storage (SHUR.BB) will be among other names to update investors, whilst the macro-calendar releases will includeGermany Feb preliminary CPI, unemployment change, Jan retail sales, France Q4 final GDP, Feb preliminary CPI, Italy Feb preliminary CPI, Switzerland Feb economic sentiment, Jan retail sales, Feb leading indicator - KOF, Sweden Q4 final GDP, Jan retail sales, Finland Q4 final GDP, Norway Jan retail sales, Denmark Jan unemployment rate, Austria Q4 final GDP, Jan PPI, Norway Feb manufacturing PMI, Belgium Q4 final GDP, Greece Jan PPI, Dec retail sales, Ireland Q4 final GDP, Feb preliminary HICP, Jan retail sales, Portugal Q4 final GDP, Feb preliminary CPI, UK Feb house price index - Nationwide.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Telecom +0.74%, Travel & Leisure +0.73%, Oil & Gas +0.45%, Real Estate +0.05%, Health Care +0.08%, Financial Svcs (0.08%), Insurance (0.11%), Ind Goods & Svcs (0.29%), Banks (0.32%), Persnl & HHold Goods (0.42%), Food & Beverage (0.50%),

      • Underperformers:

        • Autos & Parts (3.81%), Technology (2.20%), Media (2.14%), Retail (1.95%), Basic Resources (1.49%), Chemicals (1.30%), Construct & Mtls (0.69%), Utilities (0.51%),

    • Macro/Peripheral markets:

      • Geopolitics

        • Jailed Kurdish leader calls for group to disarm, in major shift that could shake up Turkey and Middle East - The Guardian

        • Putin says 'western elites' undermining peace talks - The Telegraph

      • Central Banks

        • ECB Officials Deemed It Safe to Keep Calling Policy Restrictive - Bloomberg

      • EU

        • Zelenskyy invited to March 6 EU summit on defense and Ukraine - Politico

        • EU Commission on talks in India - Handelsblatt

      • UK

        • Trump, Britain's Starmer meet at the White House amid differences on Ukraine - Reuters

        • UK grants fewer work visas but asylum claims soar - Reuters

        • Gatwick second runway backed by government - BBC

        • Lawmakers Introduce UK-US Trade Bill Before Starmer Meets Trump - Bloomberg

      • Germany

        • When two fight over the party chairmanship, the compromise candidate is happy - Handelsblatt

        • German poll winner Merz's abrasive style could hamper coalition building - Reuters

      • Austria

        • Austrian centrist parties reach deal to govern without far right - Reuters

      • Hungary

        • Hungary to Miss Budget Goal Again on Pre-Election Tax Breaks - Bloomberg

      • Serbia

        • US postpones sanctions on Serbian oil company, says Vučić - Politico

    • Company news:

      • Trading Higher:

        • +22.0% VU.FP (VusionGroup €204.20, +36.70) -- FY earnings

        • +15.4% RR.LN (Rolls-Royce Holdings £7.28, +0.97) -- FY earnings

        • +14.0% GRF.SM (Grifols €10.95, +1.34) -- FY earnings

        • +11.5% SESG.FP (SES €4.31, +0.44) -- holder Appaloosa LP submits proxy proposals

        • +10.8% SUN.SW (Sulzer CHF161.60, +15.80) -- FY earnings

        • +10.5% GDS.FP (Ramsay Générale de Santé €10.70, +1.02) -- H1 earnings; explores strategic options for 52.8% stake in Ramsay Générale de Santé

        • +10.2% IDR.SM (Indra Sistemas €20.72, +1.91) -- Q4 earnings; Alantra Equities upgrade

        • +8.1% IPS.FP (Ipsos €48.48, +3.62) -- FY earnings; acquires Ipec

        • +8.0% CFEB.BB (Cie d'Entreprises CFE €7.00, +0.52) -- FY earnings

        • +6.8% AOJ.B.DC (Brødrene A & O Johansen DKK87.50, +5.60) -- Q4 earnings

        • +6.8% AMG.NA (AMG Critical Materials €17.32, +1.11) -- FY earnings

        • +6.2% LSEG.LN (London Stock Exchange Group £117.90, +6.85) -- FY earnings

        • +5.7% FGR.FP (Eiffage €96.62, +5.22) -- FY earnings

        • +5.2% ENGI.FP (ENGIE €17.40, +0.87) -- FY earnings

        • +5.0% PIRC.IM (Pirelli & C. €6.12, +0.29) -- FY earnings

        • +4.3% AV.LN (Aviva £5.47, +0.23) -- FY earnings

        • +4.3% BINV.SS (BioInvent International SEK25.50, +1.05) -- Q4 earnings

        • +4.1% UNI.SM (Unicaja Banco €1.69, +0.07) -- Kepler Cheuvreux upgrade

        • +3.9% SRP.LN (Serco Group £1.65, +0.06) -- FY earnings

        • +3.8% WIL.LN (Wilmington £3.56, +0.13) -- launches up-to-£5M buyback

        • +3.8% LDO.IM (Leonardo €38.92, +1.41) -- Saudi Arabia's PIF weighs investment in Leonardo's aerostructures division -- Bloomberg

        • +3.6% EMG.LN (Man Group £2.17, +0.08) -- FY earnings

        • +3.4% BEI.GR (Beiersdorf €131.50, +4.35) -- FY earnings

        • +3.3% ANP.LN (Anpario £4.65, +0.15) -- initiated buy at Singer Capital Markets

        • +3.3% A3M.SM (ATRESMEDIA €4.91, +0.16) -- FY earnings

        • +3.1% VK.FP (Vallourec €19.15, +0.58) -- Q4 earnings

        • +2.5% BFSA.GR (Befesa €23.60, +0.58) -- Q4 earnings

        • +1.6% OHLA.SM (Obrascon Huarte Lain €0.46, +0.01) -- FY earnings

      • Trading Lower:

        • -20.3% AIXA.GR (Aixtron €11.46, -2.93) -- Q4 earnings; Chairman to resign

        • -17.1% OCDO.LN (Ocado Group £2.77, -0.57) -- FY earnings

        • -15.6% WPP.LN (WPP Group £6.50, -1.20) -- FY earnings

        • -12.9% IDEX.NO (IDEX Biometrics NOK0.08, -0.01) -- Q4 earnings

        • -11.7% EDPR.PL (EDP Renovaveis €8.34, -1.11) -- FY earnings; moderates pace of investment to 3.5 GW in 2025-26 - slides; Alantra Equities downgrade

        • -11.6% PRY.IM (Prysmian €57.66, -7.52) -- FY earnings

        • -10.9% SOP.FP (Sopra Steria Group €157.20, -19.20) -- FY earnings

        • -9.9% HEX.NO (Hexagon Composites NOK25.40, -2.80) -- holder Mitsui sells 12.6M shares at NOK25/sh for ~ NOK315M

        • -9.8% VLK.NA (Van Lanschot Kempen €44.10, -4.80) -- FY earnings

        • -9.4% ONCO.SS (Oncopeptides SEK1.69, -0.18) -- Q4 earnings

        • -9.0% AALB.NA (Aalberts €33.40, -3.30) -- FY earnings

        • -8.4% SK.FP (SEB €85.65, -7.85) -- FY earnings

        • -8.3% CTY1S.FH (Citycon €3.11, -0.28) -- Q4 earnings

        • -8.3% CRBN.NA (Corbion €21.54, -1.96) -- Q4 earnings

        • -7.5% PCIB.NO (PCI Biotech Holding NOK1.48, -0.12) -- FY earnings

        • -7.5% RHIM.LN (RHI Magnesita £34.70, -2.80) -- FY earnings

        • -7.4% MTRO.LN (Metro Bank Holdings £0.90, -0.07) -- FY earnings

        • -6.2% JUP.LN (Jupiter Fund Management £0.76, -0.05) -- FY earnings; commences £13.9M share buyback programme

        • -5.8% HWDN.LN (Howden Joinery Group £7.91, -0.49) -- FY earnings

        • -4.8% GNS.LN (Genus £17.42, -0.88) -- H1 earnings

        • -4.8% AKE.FP (Arkema €79.40, -4.00) -- Q4 earnings

        • -4.4% EDP.PL (EDP-Energias de Portugal €3.05, -0.14) -- FY earnings

        • -4.3% BYS.SW (Bystronic CHF300.50, -13.50) -- FY earnings

        • -4.0% 2GB.GR (2G Energy €22.65, -0.95) -- prelim. FY revenue

        • -3.6% KUD.SW (Kudelski CHF1.46, -0.05) -- FY earnings

        • -3.3% STJ.LN (St. James's Place £10.95, -0.37) -- FY earnings

        • -3.2% MTG.SW (Meier Tobler Group CHF28.85, -0.95) -- FY earnings

        • -3.2% BANB1.SW (Bachem Holding CHF56.15, -1.85) -- FY earnings

        • -2.7% FDR.SM (Fluidra €22.36, -0.62) -- FY earnings

        • -2.4% TW.LN (Taylor Wimpey £1.12, -0.03) -- FY earnings

        • -2.1% CVSG.LN (CVS Group £10.36, -0.22) -- H1 earnings

        • -2.0% G24.GR (Scout24 €92.45, -1.90) -- FY earnings

        • -1.9% MGN.NO (Magnora NOK22.95, -0.45) -- Q4 earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Erste Group Bank (EBS.AV)

        • Benelux: Ackermans & van Haaren (ACKB.BB), Shurgard Self Storage (SHUR.BB), Bekaert (BEKB.BB), Proximus (PROX.BB), bpost (BPOST.BB), What's Cooking Group (WHATS.BB), Fugro (FUR.NA), Kendrion (KENDR.NA)

        • Denmark: Gubra (GUBRA.DC), Per Aarsleff Holding (PAAL.B.DC), Trifork Group (TRIFOR.DC), TCM Group (TCM.DC)

        • Finland: Afarak Group (AFAGR.FH)

        • France: Casino, Guichard-Perrachon (CO.FP), Forvia (FRVIA.FP), Thermador Groupe (THEP.FP)

        • Germany: Allianz (ALV.GR), BASF (BAS.GR), Alzchem Group (ACT.GR)

        • Greece: National Bank of Greece (ETE.GA), Alpha Services & Holdings (ALPHA.GA)

        • Italy: Sogefi (SGF.IM)

        • Norway: Leroy Seafood Group (LSG.NO), Austevoll Seafood (AUSS.NO), Archer (ARCH.NO), Zalaris (ZAL.NO)

        • Spain: Amadeus IT Group (AMS.SM), MERLIN Properties SOCIMI (MRL.SM),Vidrala (VID.SM), Distribuidora Internacional De Alimentacion (DIA.SM), Prosegur Compania de Seguridad (PSG.SM), Tubacex (TUB.SM)

        • Sweden: Probi (PROB.SS), Q-linea (QLINEA.SS)

        • Switzerland: Holcim (HOLN.SW), VZ Holding (VZN.SW), Bucher Industries (BUCN.SW), Clariant (CLN.SW), Sunrise Communications (SUNN.SW), Schweiter Technologies (SWTQ.SW)

        • UK/Ireland: International Consolidated Airlines Group (IAG.LN), Pearson (PSON.LN), Rightmove (RMV.LN), IMI (IMI.LN), Spectris (SXS.LN), Primary Health Properties (PHP.LN), Morgan Advanced Materials (MGAM.LN), Benchmark Holdings (BMK.LN)

  • Data:

    • Economics:

      • Denmark Jan Retail Sales +5.4% y/y vs consensus +1.9% and prior revised +1.7% from +1.5%

      • Norway Jan Unemployment Rate 3.7% vs consensus 4.2% and prior 4.2%

      • Sweden Jan Trade Balance SEK15.1B vs consensus SEK8.5B and prior SEK6.2B

      • France Jan PPI (2.1%) y/y vs consensus (2.4%) and prior (3.8%)

      • Spain Feb Preliminary CPI +3.0% y/y vs consensus +3.0% and prior +2.9%

      • Switzerland Q4 GDP +1.5% y/y vs consensus +1.6% and prior revised +1.9% from +2.0%

      • Italy Feb Business Confidence 87.0 vs consensus 87.0 and prior 86.8

      • Eurozone Jan M3 Money Supply +3.6% y/y vs consensus +3.8% and prior +3.5%

    • Markets:

      • WTI Crude (Apr 25): +$1.40 or +2.04% to $70.02

      • €-$ (0.0071) or (0.68%) to 1.0413

      • £-$ (0.0047) or (0.37%) to 1.2628

      • €-£ (0.0027) to 0.8244

      • S&P 500 +0.02%

      • Performance year-to-date

        • FTSE 100: +7.14%

        • DAX: +13.27%

        • CAC: +9.78%

        • MIB: +12.98%

        • Stoxx 600: +9.75%

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