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: Futures: FTSE +2.2%, DAX +2%, CAC40 +2.3%

Apr 08 ,2025

  • Synopsis

    • European equity markets indicated to open higher amidst Asian equities strengthening Tuesday. Japan outperforming with banks rallying alongside yields. Hang Seng leading China market gains with tech rebounding. Australia and Korea seeing milder gains. Taiwan falling further into bear market with semis extending selloff. S&P 500 and Nasdaq futures up 1-2% afterhours.

    • Trump repeated he is open to negotiations though unclear to what extent. Politico sources noted Trump told allies tariff end game is coming after warning from Treasury Secretary Bessent about continued market meltdown. Publicly, Trump and Trade Adviser Navarro maintaining hardline stance on other countries' trade imbalances with US and their non-tariff trade barriers. Fits White House pattern of mixed messages on trade clouding prospect of de-escalation, particularly with Trump again voicing desire to rebalance trade and bring in additional revenue.

    • US-China trade tensions continue to ratchet higher after Trump threatened additional 50% tariffs unless Beijing removes its retaliatory 34% levies. Focus now on China's policy response with press flagging accelerated stimulus rollout. Hopes for negotiations fading rapidly after Trump warned US will cut off future talks unless Beijing backs down. However, China responded by vowing to 'fight until end.'

    • On today's agenda, in the UK, there's MPs questions at 11:30BST on Treasury topics (Chancellor Reeves), whilst PM Starmer is before the Commons Liaison Committee at 14:30. Elsewhere, summit between Greek PM Mitsotakis and Turkish President Erdogan whilst President of Iceland Tomasdottir state visit to Norway (through Thu). Portugal general election tv debates on SIC at 21:00CET (Santos (PS) x Mortágua (BE)) and RTP3 at 22:00 (Ventura (Chega) x Tavares (Livre)). EU Energy Summit 2025 (Mon-Tue), EU's Jørgensen participates. Other events Tue, euroactiv event at 17:30CET title Electricity availability in the EU - Addressing challenges, RUSI event in London at 11:00BST sees Hungary's foreign minister Szijjártó speak on European Security Challenges. European Wind Energy Conf. (Windeurope) (through Thu), EU's Mînzatu participates on Thu. Fitch Rating hosts event at 15:00BST title insights on European Reinsurance - impact of LA wildfires on 2025 outlook.

    • In central banks, Riksbank's Bunge discusses the economic situation and current monetary policy at 7:45CET at a seminar arranged by SBAB and Thedéen gives his views on the economic situation and current monetary at 13:30 at event organised by Vandra Consulting Group. Norges Bank's Bache speech at 11:00CET at Post Finance Industry Day the same time as ECB's de Guindos delivers closing speech at annual meeting of the Spanish Banking Assn. (livestream). Latvia central bank's Purgaile is a panellist at 14:15CET at Baltic FinReg Summit. Austria central bank's Holzmann press conf at 15:00CET on the latest IMF findings on the Austrian economic and financial sector. ECB's Cipollone before EP committee at 15:30CET on the digital euro. BOE's Lombardelli panellist at 17:00BST at Resolution Foundation 'What can the UK learn from the US' post-pandemic productivity acceleration. Elsewhere, EIA mid-term energy outlook will be released.

    • European macro data releases out today include France Feb trade balance, Denmark Feb manufacturing production, Netherlands Mar final CPI.

    • In corporate news, Repsol (REP.SM) provided Q1 trading statement indicating to a upstream production of 540 Kboe/d vs year-ago 590 Kboe/d. In France, Euronext (ENX.FP) reported March trading activity. In M&A, Infineon Technologies AG (IFX.GR) entered agreement to buy Marvell Technology's (MRVL) automotive ethernet business for $2.5B cash.

  • Politics/Macro/World News

    • US tariffs threaten almost $2tn of investment pledges by global companies - FT

    • BoE asks banks whether clients have funding problems after Trump-induced market rout - FT

    • EU Plans Metals Tariff Retaliation While Sparing Bourbon - Bloomberg

    • Germany's Merz weakened already - as he battles party dissatisfaction - Politico

    • Coalition negotiations stall - AfD on a par with CDU in current polls - Welt

    • Netherlands Mar CPI +3.7% y/y vs preliminary +3.7%

  • Top company news

    • Earnings/updates

      • REP.SM (Repsol) -- provides Q1 trading statement; upstream production 540 Kboe/d vs year-ago 590 Kboe/d

      • TGS.NO (TGS-NOPEC Geophysical Co.) -- Operational Update: Expects Q1 multi-client investment to be ~$130M

      • AKRBP.NO (Aker BP) -- publishes its annual statement of reserves for 2024

      • SIGHT.FP (GenSight Biologics) -- reports cash and cash equivalents totaled €0.9M as of 31-Mar-25, compared to €2.5M as of 31-Dec-24

      • ENX.FP (Euronext) -- March trading activity

      • IBAB.BB (Ion Beam Applications) -- Follow-up: IBA long-term strategy presented at 2025 Capital Markets Day and appoints Catherine Vandenborre as CFO, effecitve 1-July-25

      • Also due to report today includes:

        • Earnings:

          • DACHs: DEAG Deutsche Entertainment (LOU.GR), Frequentis (FQT.AV)

          • France: Fleury Michon (ALFLE.FP)

          • Nordics: Industrivarden (INDU.A.SS)

          • Southern Europe: Fourlis Holdings (FOYRK.GA)

          • UK: JTC (JTC.LN), Staffline Group (STAF.LN), Hilton Food Group (HFG.LN)

        • Trading Update: OMV (OMV.AV), Nedap (NEDAP.NA)

        • Traffic: Finnair (FIA1S.FH)

        • CMD/events: NX Filtration (NXFIL.NA), Fluidra (FDR.SM), Borders & Southern Petroleum (BOR.LN)

    • M&A

      • IFX.GR (Infineon Technologies) -- enters agreement to buy Marvell Technology's (MRVL) automotive ethernet business for $2.5B cash

      • SRG.IM (Snam) -- agrees to acquire 24.99% of Open Grid Europe (about an hour ago)

      • ENI.IM (Eni) -- reportedly continuing to work on deals; considering potential sales of its upstream assets, per managment - Reuters

      • III.LN (3i Group) -- puts MPM sale process on hold due to impact of tariffs - Bloomberg

      • PRTC.LN (PureTech Health) -- confirms discussions regarding a possible cash offer by Nordic Capital Epsilon SCA, SICAV-RAIF for the entire share capital of the company

      • UBXN.SW (u-blox Holding) -- divests dual mode cellular-satellite communications business to Trident IoT; terms not disclosed

      • RELAIS.FH (Relais Group) -- enters agreement to acquire 70% of shares in Matro Group for a preliminary purchase price of €19.9M

    • Healthcare

      • PCRX (Pacira BioSciences) -- announces settlement of U.S. patent litigation for EXPAREL

      • DBV.FP (DBV Technologies) -- SEC filing: SCHEDULE 13D/A (Filed by Bpifrance Participations SA)

      • NYXH.BB (Nyxoah) -- provides update on FDA approvable letter for Genio system

      • MDG1.GR (Medigene) -- AG files application for the opening of insolvency proceedings

    • Other

      • STLAM.IM (Stellantis) -- exploring options for Maserati and Alfa Romeo brands - Bloomberg (7-Apr, 13:42 ET/19:42 CET)

      • HOLN.SW (Holcim) -- completes $3.4B bond offering ahead of planned spin-off

      • DG.FP (VINCI SA) -- VINCI signs public-private partnership (PPP) contract for electricity transmission in Australia

      • GALP.PL (Galp Energia SGPS) -- publishes Integrated Report of 2024 (post EU close 7-Apr)

      • HSX.LN (Hiscox) -- close to naming new chairman - Sky News

      • BCVN.SW (Banque Cantonale Vaudoise) -- publishes its 2024 Sustainability Report

      • UMI.BB (Umicore) -- seeking deals and partnerships to boost batteries business - FT, citing CEO

      • INTRUM.SS (Intrum) -- US Bankruptcy Court approves Intrum's settlement agreement with minority creditor group

  • Key rating changes

    • Upgrades

      • GRE.SM (Grenergy Renovables) -- to overweight from equal weight at Barclays

    • Downgrades

      • ERG.IM (ERG) -- to equal weight from overweight at Barclays

      • SCATC.NO (Scatec) -- to equal weight from overweight at Barclays

      • ORRON.SS (Orrön Energy) -- to underweight from equal weight at Barclays

      • ALMCP.FP (McPhy Energy) -- to underperform from sector perform at RBC Capital Markets

      • PNDORA.DC (Pandora) -- to neutral from overweight at JPMorgan

      • EQT.SS (EQT AB) -- to neutral from overweight at JPMorgan

    • Initiations

      • PNDORA.DC (Pandora) -- underperform at Bernstein

  • Data

    • Nikkei +5.77% to 32931.61

    • Hang Seng +0.43% to 19913.30

    • Shanghai Composite +0.46% to 3110.84

    • S&P futures +63.5 vs prior close of 5097.3

    • €-$ +0.0052 or +0.48% to 1.0958

    • $-¥ (0.16) or (0.11%) to 147.69

    • €-¥ +0.53 or +0.33% to 161.80

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