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 +0.42%, DAX +1.27%, CAC +1.56%

Jul 24 ,2025

  • Synopsis

    • European equity markets are set to open in positive territory amid Asian equities trading higher Thursday. Japan extending rally amid continuation of trade deal optimism. SK Hynix underpinning Korean benchmark following earnings. Greater China and Taiwan markets recording mild gains while Australia lower. Nasdaq futures strengthening amid post-earnings tech gains. JGBs little changed as PM Ishiba resignation speculation continues. Aussie yields remain higher following mostly uneventful speech by RBA Governor Bullock. Dollar retreating against yen, Korean won and Aussie, steady elsewhere. Kiwi up slightly. Crude recovering from earlier lows while gold pulling back. NY copper nearing record high. Bitcoin continues to fluctuate around $120K.

    • In central banks updates, focus on ECB interest rate decision at 14:15CET, press conf 14:45, no change expected in benchmark interest rates (main refinancing operations rate 2.15% and deposit facility rate 2.00%. Turkey interest rate decision at 13:00CET. The benchmark interest rate is expected to be cut by (250bps) from current 46.0%.

    • Elsewhere, EU-China summit (through Fri) takes place. In addition, European Automobile Manufacturers' Association (ACEA) Jun new passenger car registrations for EU + EFTA + UK are due to be released.

    • Further macroeconomic updates include: Eurozone, France, Germany, UK Jul flash manufacturing/services PMI, Germany Aug consumer confidence - GfK, France Jul business confidence, Spain Q2 unemployment rate, Jun PPI, Norway Jun unemployment rate, Finland Jun PPI

    • In corporate news, DACHs companies kicked off the session with Roche Holding (ROG.SW), Kuehne & Nagel (KNIN.SW), Deutsche Bank (DBK.GR), Duerr (DUE.GR) reporting Q2/H1 numbers, with the latter providing Q2 prelim figures. From France, BNP Paribas (BNP.FP) reported Q2 net income €3.26B vs consensus €3.12B, approved interim dividend of €2.59/sh and confirmed 2026 trajectory. STMicroelectronics (STMPA.FP) also posted Q2 earnings whilst Interparfums (ITP.FP) reported prelim H1 sales. Out of the Nordics, Nokia (NOKIA.FH) confirmed prelim Q2 results and revised outlook as per 22-Jul update. In Southern Europe, Italgas (IG.IM), Moncler (MONC.IM), Banco de Sabadell (SAB.SM) and Indra Sistemas (IDR.SM) posted their most recent numbers.

  • Politics/Macro/World News

    • Keir Starmer and Narendra Modi to sign UK-India trade deal - FT

    • US and EU reportedly close to 15% tariff deal - FT

    • EU's von der Leyen says China ties are at 'inflection point' at tense summit - Reuters

    • ECB is set to hold fire on rate cuts with Trump tariffs unresolved - Bloomberg

  • Top company news

    • Earnings/updates

      • DACHs

        • ROG.SW (Roche Holding) -- reports H1 core EPS CHF11.08 vs consensus CHF10.53; confirms FY outlook.

        • KNIN.SW (Kuehne & Nagel) -- reports Q2 EPS CHF2.02 vs consensus CHF2.18

        • DUE.GR (Duerr) -- provides preliminary figures for Q2; adjusts forecasts for order intake

        • SUN.SW (Sulzer) -- reports H1 net income CHF128.2M vs StreetAccount CHF150.2M

        • GF.SW (Georg Fischer) -- reports H1 net income attributable CHF160M vs FactSet CHF178M [2 est, CHF95-261M]; reaffirms FY guidance

        • CMBN.SW (Cembra Money Bank) -- reports H1 EPS CHF2.97 vs FactSet CHF3.19 [2 est, CHF3.04-3.34]

        • 4FZ.GR (Orbia Advance Corp SAB de CV) -- Orbia Advance Corp SAB de CV reports Q2 net majority loss ($126M) vs year-ago $195M

        • GFT.GR (GFT Technologies) -- reports preliminary H1 adj. EBIT €30.14M vs year-ago €29.67M; adjusts FY forecast

        • AAD.GR (Amadeus FiRe) -- reports preliminary H1 operating EBITA €6.4M

        • DWS.GR (DWS Group) -- reports Q2 net income €214M vs consensus €191M; outlook for 2025 remains unchanged

        • DBK.GR (Deutsche Bank) -- reports Q2 net income €1.49B vs consensus €1.19B; on track to meet FY25 targets

      • Nordics

        • NOKIA.FH (Nokia) -- Corporation confirms prelim Q2 results and revised outlook as per 22-Jul update

        • PIHLIS.FH (Pihlajalinna) -- reports Q2 EPS €0.36 vs FactSet €0.32 [5 est, €0.32-0.33]

      • France

        • STMPA.FP (STMicroelectronics) -- reports Q2 EPS $0.06 vs consensus $0.09; guides Q3

        • IPS.FP (Ipsos) -- reports H1 adjusted net income €72.2M ex-items, (12%) vs year-ago €82.3M

        • ICAD.FP (Icade) -- reports H1 net income (€91.7M) vs year-ago (€180.5M); FY25 guidance unchanged

        • ADOC.FP (Adocia) -- reports H1 revenue €1.0M vs FactSet €0.0M [1 est]

        • EXA.FP (Exail Technologies) -- reports H1 revenue €220M vs year-ago €163M; confirms its 2025 targets

        • SK.FP (SEB) -- reports H1 EPS €0.01 vs year-ago €1.83; annual outlook revised

        • GFC.FP (Gecina) -- reports H1 recurrent net income per share €3.38 vs FactSet €3.29 [1 est]

        • FNAC.FP (Fnac Darty) -- reports H1 net income (€86M) vs year-ago (€95M)

        • VLTSA.FP (Voltalia) -- reports Q2 revenue €147.7M, +11% vs year-ago €132.9M

        • IDL.FP (ID Logistics Group) -- reports H1 revenue €1.76B, +16% vs year-ago €1.52B

        • BNP.FP (BNP Paribas) -- reports Q2 net income €3.26B vs consensus €3.12B; approves interim dividend of €2.59/sh; confirms 2026 trajectory

        • ITP.FP (Interparfums) -- reports preliminary H1 revenue €446.9M, +6% vs year-ago €422.6M

      • Benelux

        • GLPG.NA (Galapagos) -- reports H1 EPS (€3.93) vs year-ago €1.51

        • BAMNB.NA (Koninklijke BAM Groep) -- reports H1 net income €101.5M vs year-ago €54.9M; adjusts FY25 adj EBITDA margin guidance upward

      • Southern Europe

        • MONC.IM (Moncler) -- reports H1 net income €153.5M vs consensus €149.1M

        • SPM.IM (Saipem) -- reports Q2 adjusted net income €63M vs StreetAccount €103.6M

        • SAB.SM (Banco de Sabadell) -- reports H1 net income €804M vs consensus €696M

        • IDR.SM (Indra Sistemas) -- reports Q2 net income €155M vs consensus €68.7M

        • NHH.SM (Minor Hotels Europe & Americas) -- reports Q2 net recurring income €108.2M, +12% vs year-ago €96.6M

        • AEDAS.SM (AEDAS Homes) -- trading update: Q1 EBITDA €20M vs FactSet €18.0M [1 est]

        • IG.IM (Italgas) -- reports H1 net income attributable €316.6M ex-items vs FactSet €314M [4 est, €302-340M]

        • VID.SM (Vidrala) -- reports H1 net income €107.8M vs FactSet €99.3M [1 est]; reiterates FY25 guidance

    • M&A

      • RI.FP (Pernod Ricard) -- India confirms it will sell its Imperial Blue Business Division to Tilaknagar Industries; price not disclosed

      • SUBC.NO (Subsea 7) -- Saipem and Subsea7 enter into a binding merger agreement, completion expected in 2H26

      • AAL.LN (Anglo American) -- Botswana wants controlling stake in De Beers - FT

      • WG.LN (John Wood Group) -- Sidara considering reducing takeover offer price for John Wood Group amid concerns over legal exposure from FCA investigation - FT

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

      • MBG.GR (Mercedes) -- Santander bids to acquire Mercedes leasing subsidiary Athlon, valued at €1.00B - El Confidencial

    • Healthcare

      • GSK.LN (GSK Plc) -- FDA extends review for GSK PLC's Blenrep

      • GLPG.NA (Galapagos) -- appoints Sooin Kwon as Chief Business Officer and Dan Grossman as Chief Strategy Officer

      • ABVX.FP (Abivax) -- announces launch of $400M (~€340M) offering of common stock/ADSs

    • Other

      • AI.FP (Air Liquide) -- takes FID to build ELYgator, 200 MW electrolyzer in the Netherlands

      • SUBC.NO (Subsea 7) -- Subsea7 announces "substantial" contract award

      • BAB.LN (Babcock International Group) -- commences previously announced £200M share buyback program

      • DEBS.LN (Debenhams Group) -- reportedly near £175M refinancing deal with TPG -- Sky News

  • Key rating changes

    • Upgrades

      • BAS.GR (BASF SE) -- to overweight from equal-weight at Morgan Stanley

    • Downgrades

      • EOAN.GR (E.ON SE) -- to market perform from outperform at Bernstein

      • METSO.FH (Metso Corp.) -- to hold from buy at Pareto

      • EFGN.SW (EFG International) -- to neutral from outperform at Mediobanca

      • PDX.SS (Paradox Interactive) -- to hold from buy at Pareto

  • Data

    • Nikkei +1.52% to 41798.00

    • Hang Seng +0.75% to 25729.30

    • Shanghai Composite +0.62% to 3604.37

    • S&P futures +3.5 vs prior close of 6396.3

    • €-$ +0.0006 or +0.05% to 1.1779

    • $-¥ (0.52) or (0.36%) to 145.99

    • €-¥ (0.53) or (0.31%) to 171.93

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