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 - EU Market Recap: FTSE 100 +0.00% to 8822.91, DAX (0.61%) to 23787.45, CAC40 (0.75%) to 7696.27, STOXX 600 (0.48%) to 541.13

Jul 04 ,2025

  • Synopsis:

    • European equity indices end lower Friday. FTSE100 hold up better. Follows firmer close Thursday. In sectors, retail, basic resources, autos, and media biggest laggards. Healthcare best performer led by Swiss pharma stocks, possibly on back of reports US-Swiss trade deal likely to contain assurances on Pharma levy. Telco also narrowly positive.

    • Trade developments weighing on sentiment in Europe. President Trump said probably going to begin sending letters to various countries stipulating tariff rates ahead of 9-Jul deadline. Said White House negotiating couple of other deals, though prospects of agreement with other Asian nations more uncertain after Trump threatened tariffs on Japan. No clarify yet on whether EU will reach an agreement. Sefcovic said he was returning to Br

    • European equity indices end lower Friday. FTSE100 hold up better. Follows firmer close Thursday. In sectors, retail, basic resources, autos, and media biggest laggards. Healthcare best performer led by Swiss pharma stocks, possibly on back of reports US-Swiss trade deal likely to contain assurances on Pharma levy. Telco also narrowly positive.

    • Trade developments weighing on sentiment in Europe. President Trump said probably going to begin sending letters to various countries stipulating tariff rates ahead of 9-Jul deadline. Said White House negotiating couple of other deals, though prospects of agreement with other Asian nations more uncertain after Trump threatened tariffs on Japan. No clarify yet on whether EU will reach an agreement. Sefcovic said he was returning to Brussels after no breakthrough with talks with US counterparts in Washington. Brussels looking for bare bones deal, which will have the framework of an agreement and then details can be worked out later. Meanwhile, according to Chinese State Media, negotiations between China and the European Union regarding electric vehicles are nearing completion, with the EU's "political will" remaining as the main outstanding issue. Earlier today, China announced 27.7%-34.9% anti-dumping tariffs on European cognac for the next five years, though exempting major makers Pernod Ricard (RI.FP), LVMH (LVMH.FP) and Remy Cointreau (RCO.FP), provided they sell at a minimum price, Reuters reports.

    • In politics, UK press continues to digest implications for fiscal policy after government climbdown on welfare reform and scrutinize Chancellor Reeves' position. Several reports highlighted big funds piled into UK bonds on the selloff earlier this week, expecting volatility to ease and BoE to speed up rate cuts this year.

    • From a macro calendar perspective, Germany June factory orders missed expectations. French May industrial production also weaker-than-forecast, but Spanish production beat. Eurozone June construction PMI missed while UK reading beat, but both remain in contractionary territory. Italy May retail sales miss. Eurozone May PPI +0.3% y/y in line with consensus and down from prior. Also, UK June new car registrations increased +6.7% y/y to 191,316 units, YTD new car market +3.5% y/y to 1.04M units.

    • In corporate news, Aker BP (AKERBP.NO) among a handful of Nordics companies reporting Q2 numbers. Also, Norwegian Air Shuttle (NAS.NO) posted June traffic +5.0% y/y. Elsewhere, Alstom (ALO.FP) received a €2.0B ($2.3B) order from the New York Metropolitan Transportation Authority.

    • On M&A front, Air France-KLM (AF.FP) is planning to raise its stake in SAS AB from 19.9% to 60.5%. Out of the Nordics, Qt (QTCOM.FH) announced recommended public SEK180/share in cash offer for I.A.R. Systems Group (IAR.B.SS) that values IAR at ~SEK 2.29B (~€204M). In Italy, BPER Banca (BPE.IM) raised its offer price for Banca Popolare di Sondrio (BPSO.IM).

    • Looking ahead to next week EU econ-calendar, notable releases on Monday will include, amongst others, Germany May industrial production, UK Jun house price index - Halifax and Eurozone Jul Sentix economic index, May retail sales.

    • ussels after no breakthrough with talks with US counterparts in Washington. Brussels looking for bare bones deal, which will have the framework of an agreement and then details can be worked out later. Meanwhile, according to Chinese State Media, negotiations between China and the European Union regarding electric vehicles are nearing completion, with the EU's "political will" remaining as the main outstanding issue. Earlier today, China announced 27.7%-34.9% anti-dumping tariffs on European cognac for the next five years, though exempting major makers Pernod Ricard (RI.FP), LVMH (LVMH.FP) and Remy Cointreau (RCO.FP), provided they sell at a minimum price, Reuters reports.

    • In politics, UK press continues to digest implications for fiscal policy after government climbdown on welfare reform and scrutinize Chancellor Reeves' position. Several reports highlighted big funds piled into UK bonds on the selloff earlier this week, expecting volatility to ease and BoE to speed up rate cuts this year.

    • From a macro calendar perspective, Germany June factory orders missed expectations. French May industrial production also weaker-than-forecast, but Spanish production beat. Eurozone June construction PMI missed while UK reading beat, but both remain in contractionary territory. Italy May retail sales miss. Eurozone May PPI +0.3% y/y in line with consensus and down from prior. Also, UK June new car registrations increased +6.7% y/y to 191,316 units, YTD new car market +3.5% y/y to 1.04M units.

    • In corporate news, Aker BP (AKERBP.NO) among a handful of Nordics companies reporting Q2 numbers. Also, Norwegian Air Shuttle (NAS.NO) posted June traffic +5.0% y/y. Elsewhere, Alstom (ALO.FP) received a €2.0B ($2.3B) order from the New York Metropolitan Transportation Authority.

    • On M&A front, Air France-KLM (AF.FP) is planning to raise its stake in SAS AB from 19.9% to 60.5%. Out of the Nordics, Qt (QTCOM.FH) announced recommended public SEK180/share in cash offer for I.A.R. Systems Group (IAR.B.SS) that values IAR at ~SEK 2.29B (~€204M). In Italy, BPER Banca (BPE.IM) raised its offer price for Banca Popolare di Sondrio (BPSO.IM).

    • Looking ahead to next week EU econ-calendar, notable releases on Monday will include, amongst others, Germany May industrial production, UK Jun house price index - Halifax and Eurozone Jul Sentix economic index, May retail sales.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Health Care +1.10%, Telecom +0.14%, Food & Beverage (0.10%), Utilities (0.32%), Oil & Gas (0.33%), Insurance (0.43%)

      • Underperformers:

        • Retail (1.44%), Basic Resources (1.37%), Autos & Parts (1.34%), Media (1.21%), Banks (1.09%), Technology (1.05%), Financial Svcs (0.95%), Chemicals (0.70%), Real Estate (0.68%), Persnl & HHold Goods (0.66%), Construct & Mtls (0.65%), Travel & Leisure (0.65%), Ind Goods & Svcs (0.63%)

    • Macro:

      • Central Banks:

        • ECB's Makhlouf Says Inflation Expectations Are Well Anchored -- Bloomberg

        • ECB Risks 2% Undershoot If Euro Strength Persists, Villeroy Says -- Bloomberg

        • 'UK's soft landing is at risk', says BoE policymaker -- FTadviser

        • BOE Corporate Bond Buying Failed to Aid Firms, Staff Paper Finds -- Bloomberg

      • EU:

        • EU-US trade talks: Crunch time looms with no deal in sight -- DW

        • China spares major cognac makers from EU brandy dumping duties -- Reuters

      • UK:

        • Labour's chaos exposes Britain to a new economic shock -- Telegraph

        • How to reset UK fiscal policy after the retreat on benefit reform -- OMFIF

        • Rachel Reeves, the iron chancellor who cried -- FT

      • Germany:

        • Germany's Merz spoke with Trump about buying Patriots for Ukraine -- Reuters

        • Germany Prepares €25B Tank Order to Boost NATO Forces -- Bloomberg

        • Germany and unpaid war damages, a Polish MEP takes the issue to the EU Parliament -- EUnews

      • France:

        • French Economy Under Significant Strain With No Signs Of Recovery -- Seeking Alpha

      • Italy:

    • Company news:

      • Notable Gainers

        • +64.5% IAR.B.SS (IAR SEK178.00, +69.80) -- Qt's announces recommended public SEK180/share in cash offer for company

        • +10.5% AB.FP (AB Science €1.63, +0.15) -- company's masitinib receives FDA and EMA authorization for confirmatory phase 3 trial in metastatic castrate-resistant prostate cancer

        • +8.6% GOFORE.FH (Gofore €18.92, +1.50) -- acquires technology company Huld for ~€41M

        • +4.7% ALZCUR.SS (AlzeCure Pharma SEK3.14, +0.14) -- publishes Information document regarding rights issue

      • Notable Decliners

        • -12.5% THRU.LN (Thruvision Group £0.01, -0.00) -- to raise £2.5M via issuance of 250M new shares; announces conclusion of strategic review and trading update

        • -6.7% GLE.LN (MJ Gleeson £3.62, -0.26) -- FY trading update; appoints interim Chair, as new Chair

        • -4.5% DWS.GR (DWS Group €47.06, -2.20) -- BNP Paribas Exane downgrade

        • -4.3% ENC.SM (ENCE Energia y Celulosa €2.87, -0.13) -- Jefferies downgrade

        • -4.0% FLOW.NA (Flow Traders €26.84, -1.12)

        • -2.8% ENW.LN (Enwell Energy £0.18, -0.01) -- Q2 operations update

        • -2.6% ASML.NA (ASML Holding €659.40, -17.70) -- Samsung Electronics delays completion of Texas chip plant due to lack of customers - Nikkei Asia; European companies ask EU to hold off on AI regulation implementation for two years - Bloomberg

        • -2.5% LOOMIS.SS (Loomis SEK397.60, -10.40) -- DNB Carnegie downgrade

        • -2.0% STAB1L.GR (Stabilus €27.30, -0.55) -- appoints new CEO

        • -2.0% BPE.IM (BPER Banca €7.50, -0.16) -- raises offer price for Banca Popolare di Sondrio

        • -1.8% MC.FP (LVMH Moet Hennessy Louis Vuitton €477.35, -8.55) -- China issues final ruling on imported EU brandy probe; to impose 27.7%-34.9% anti-dumping duties for five years from 5-Jul

        • -1.6% SFER.IM (Salvatore Ferragamo €5.15, -0.09) -- Intesa Sanpaolo downgrade

        • -1.6% AKRBP.NO (Aker BP NOK263.20, -4.40) -- Q2 trading update

    • EU companies reporting tomorrow:

      • Earnings:

        • Nordics: Wihlborgs Fastigheter (WIHL.SS), Wallenstam (WALL.B.SS), Fabege (FABG.SS), Eastnine (EAST.SS)

      • Trading Updates:

        • Nordics: Kid (KID.NO)

        • Southern Europe: Repsol (REP.SM), Galp Energia (GALP.PL)

        • UK: Shell (SHEL.LN), Ferrexpo (FXPO.LN)

        • Other: Íslandsbanki (ISB.IR)

  • Data:

    • Economics:

      • Eurozone May PPI +0.3% y/y vs consensus +0.3% and prior +0.7%

      • Switzerland Jun Unemployment Rate (sa) 2.9% vs consensus 2.9% and prior revised +2.8% from 2.9%

      • Germany May Factory Orders (1.4%) m/m vs consensus (0.2%) and prior revised +1.6% from +0.6%

      • France May Industrial Production (0.5%) m/m vs consensus +0.4% and prior (1.4%)

      • Spain May Industrial Production +1.7% y/y vs consensus +1.0% and prior +0.6%

      • Italy May Retail Sales +1.3% y/y vs consensus +2.5% and prior revised +3.8% from +3.7%

      • Germany Jun Construction PMI 44.8 vs consensus 45.1 and prior 44.4

      • UK Jun Construction PMI 48.8 vs consensus 48.4 and prior 47.9

    • Markets:

      • WTI Crude (25-Aug): ($0.59) or (0.88%) to $66.41

      • €-$ +0.0025 or +0.21% to 1.1783

      • £-$ (0.0011) or (0.08%) to 1.3644

      • €-£ +0.0023 to 0.8635

      • S&P 500 +0.00%

      • Performance year-to-date:

        • FTSE 100: +7.95%

        • DAX: +19.48%

        • CAC: +4.28%

        • MIB: +15.90%

        • Stoxx 600: +6.60%

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