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 +0.11%, DAX +0.09%, CAC40 +0.51%

Jul 09 ,2025

  • Synopsis

    • European equity markets are set for a positive open. Follows modest gains in prior session. Asian equity markets mixed. Hang Seng underperforms. Kospi adds to recent gains. ASX lower. Nikkei little changed. US equity futures lower with S&P down 0.1%.

    • President Trump hardened tariff stance on Tuesday by foreshadowing copper tariffs of 50%, pharma tariffs of 200% and rejected suggestions of a tariff deadline extension beyond 1-Aug. Press said Trump's decision to delay came at urging of Treasury Secretary Bessent. Also vowed to soon hit BRICS nations with additional 10% tariff. Talks with major trading partners continue amid reports some deals close. However, countries such as Japan and South Korea maintaining their red lines. EU said to be close to framework agreement that locks in 10% baseline tariffs.

    • In central banks, ECB's Lane speech at 12:45CET on the monetary policy agenda at the House of the Euro and de Guindos gives closing remarks at 13:00 at event at Cursos de Verano CEU-El Escorial (Mon-Wed). Bundesbank's Nagel speech at 14:15CET at the Bundesbank-IAW lecture. BOE's Financial Stability Report published at 10:30BST, the same time as FPC meeting minutes. In Eastern Europe, Bank of Latvia's Kazāka meets with PM Siliņš, Croatia central bank Council meeting and Minutes from last meeting of Hungary central bank's MPC meeting. After EU markets close, release of minutes from last FOMC meeting.

    • 9th OPEC International Seminar (through Wed). In the German Bundestag, Chancellor Merz speaks in the morning in a general debate and will answer questions from members of parliament in the afternoon. Later in the day hosts NATO's Rutte. In UK, after MPs questions on Scotland, weekly PMQs begins at 12noon BST and then The Universal Credit and Personal Independence Payment Bill moves through final stages. Committee topics include delivering major infrastructure: learning from HS2 at 9:15BST, UK economic security (Minister of State for Trade Policy and Economic Security) 13:30 and the cost of energy 15:00.

    • (CIRSA.SM) set to make its stock market debut on Spanish Stock Exchanges.

    • In macro, Norway Jun PPI, Greece Jun CPI, Denmark May trade balance are due for release

    • On the earnings front, Kongsberg Gruppen (KOG.NO) reported Q2 EPS NOK1.85 vs FactSet NOK1.89, whilst Airbus (AIR.FP) reported Jun gross orders 203; deliveries 63 deliveries to 35 customers

    • CMD/events: Oryzon Genomics (ORY.SM), ABN Amro (ABN.NA) pre-close

  • Politics/Macro/World News

    • EU close to framework agreement with US that locks in 10% tariff - FT

    • Trump says he will impose 50% tariff on copper, while levies on semis, BRICS, more tariff letters coming soon:

    • TACO narrative in focus following Trump's tariff delay and openness to negotiations:

  • Top company news

    • Earnings/updates

      • France:

        • SIGHT.FP (GenSight Biologics) -- reports cash and cash equivalents €0.3M as of 30-Jun-25 compared to €0.9M as of 31-Mar-25

        • AIR.FP (Airbus) -- reports Jun gross orders 203; deliveries 63 deliveries to 35 customers

      • Nordics:

        • KOG.NO (Kongsberg Gruppen) -- reports Q2 EPS NOK1.85 vs FactSet NOK1.89 [7 est, NOK1.58-2.90]

        • KCC.NO (Klaveness Combination Carriers) -- Q2 Business Update; preliminary CABU and CLEANBU TCE earnings for Q2 ended at $/day 26,365 and$/day 22,843, respectively

        • OKEA.NO (Okea) -- Q2 trading update: Total operating income $206M vs quater-ago $271M

        • HAUTO.NO (Höegh Autoliners) -- Jun trading update: 1.3M cbm of cargo transported on prorated basis

        • ASA.NO (Atlantic Sapphire) -- provides Q2 trading update: Total harvested volume ~1,167t HOG

      • Southern Europe:

        • REP.SM (Repsol) -- issues Q2 trading statement: upstream production 557 Kboe/d vs year-ago 589 Kboe/d

    • M&A

      • R3NK.GR (Renk Group) -- may sell its civilian industrial business - Bloomberg

      • EL.FP (EssilorLuxottica) -- Meta said to have purchased "just under" 3% stake in EssilorLuxottica, currently valued at ~€3B (~$3.5B) -- Bloomberg

      • 532174.IN (ICICI Bank) -- ICICI Bank-Prudential joint venture ICICI Prudential Asset Management files DRHP for IPO (pre-India open)

      • SGO.FP (Compagnie de Saint-Gobain) -- announces divestment of Brüggemann; terms not disclosed

      • UCG.IM (UniCredit) -- converts into shares part of its synthetic position in Commerzbank

      • ANA.SM (Acciona) -- issues preliminary sale materials for its 50% divestment of Kwinana Energy Recovery, intends to complete sale by Christmas - Australian Financial Review

      • AZE.BB (Azelis Group) -- acquires Azienda Chimica e Farmaceutica for an undisclosed sum

      • RECSI.NO (REC Silicon) -- announces preliminary results and settlement notification for voluntary offer to acquire all outstanding shares

      • R3NK.GR (Renk Group) -- may sell its civilian industrial business - Bloomberg

      • SYSR.SS (Systemair) -- to acquire NADI Airtechnics; terms undisclosed

      • ALMCP.FP (McPhy Energy) -- announced that Belfort Commercial Court approved a disposal plan for part of McPhy's assets and activities in favor of the company John Cockerill Hydrogen

      • CRI.FP (Compagnie Chargeurs Invest) -- Compagnie Chargeurs Invest's Museum Studio completes the acquisition of majority stake in Lord Cultural Resources

      • INSE.LN (Inspired) -- provides update on letter of intent by William Currie

      • AURE.FP (Aurea) -- announces negotiations for sale of M LEGO

      • +TEND.SM (Tendam Retail) -- EU clears Multiply Group's acquisition of a majority stake in Tendam Retail

    • Healthcare

      • 4523.JP (Eisai) -- Price of Eisai's LEQEMBI to be cut by up to 15% in Japan following MHLW report (10:00 JST/22:00 ET/03:00 CET)

      • PRTC.LN (PureTech Health) -- PureTech announces Chair Raju Kucherlapati has stepped down

    • Other

      • RNO.FP (Renault) -- unlikely to immediately name permanent replacement for departing CEO Luca de Meo - FT

      • AIR.FP (Airbus SE) -- Airbus reports Jun gross orders 203; deliveries 63 deliveries to 35 customers (post EU close 8-Jul)

      • RNO.FP (Renault) -- unlikely to immediately name permanent replacement for departing CEO Luca de Meo - FT

      • KEMIRA.FH (Kemira) -- announces strategic partnership with CuspAI

      • FING.B.SS (Fingerprint Cards) -- announces postponement of reverse share split

      • Boeing June deliveries at 60, Airbus at 63:

      • CFM International awarded max $2.85B Defense Logistics Agency contract

      • Hotels leading amid slew of transaction headlines

  • Key rating changes

    • Upgrades

      • RBC Capital Markets upgrades BKG.LN, PSN.LN; downgrades BWY.LN, TW.LN

      • AZM.IM (Azimut Holding) -- to buy from hold at Deutsche Bank

      • GEN.LN (Genuit Group) -- to overweight from neutral at JPMorgan

      • IDR.SM (Indra Sistemas) -- to buy from neutral at Goldman Sachs

    • Downgrades

      • LI.FP (Klepierre) --neutral from outperform at Oddo

      • INWI.SS (Inwido) -- hold from buy at DNB Carnegie

      • ABDN.LN (Aberdeen Group) -- to hold from buy at Jefferies

      • KGX.GR (Kion Group) -- to hold from buy at Jefferies

      • ABDN.LN (Aberdeen Group) -- to hold from buy at Jefferies

      • VCT.LN (Victrex) -- to hold from buy at Deutsche Bank (earlier, timing uncertain)

      • HTRO.SS (Hexatronic Group) -- to hold from buy at ABG Sundal Collier

      • INWI.SS (Inwido) -- to hold from buy at DNB Carnegie

    • Initiations

      • AVOL.SW (Avolta) -- hold at Jefferies

    • Other Actions

      • VIV.FP (Vivendi) -- reinitiated hold at Kepler Cheuvreux; prior rating was buy

  • Data

    • Nikkei +0.26% to 39792.41

    • Hang Seng (1.00%) to 23905.43

    • Shanghai Composite +0.34% to 3509.29

    • S&P futures (6.0) vs prior close of 6272.0

    • €-$ (0.0009) or (0.08%) to 1.1716

    • $-¥ +0.46 or +0.31% to 147.02

    • €-¥ +0.39 or +0.23% to 172.24

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