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: BNY).

 

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 (0.27%) to 10868.05, DAX +0.07% to 25629.24, CAC40 +0.28% to 8509.64, STOXX 600 (0.12%) to 649.19

Jul 31 ,2026

  • Synopsis:

    • European equity markets ended mixed, off best levels. Stoxx 600 hit a new record high during the session and saw the fourth monthly gain in a row (see related StreetAccount comment Macro Month in Europe: July 2026). FTSE also near intraday record. Follows decent gains for US markets in prior session amid a bounce in momentum stocks. Asian equities posted decent gains. Kospi recorded record rally, with gains over 17%. Oil firmer, with WTI crude up 2% over $85/bbl.

    • Positive sentiment after rebound in US markets. Memory rally the big story in Asia and semis also performing well. Nothing specific behind move although more discussion about deleveraging largely done. Investors more willing to return to AI trade after big rout this week. Earnings supportive for Europe. Positive takeaways from US Mag 7 reports. Afterhours earnings from AMZN well received. Meanwhile, downbeat reaction to AAPL update. European tech sector was up on the ripple effect and also helped by some broker upgrades in the space, eg Aixtron (AIXA.GR) upgraded to outperform at Oddo and Siltronic (WAF.GR) upgraded at both Deutsche Bank and DZ Bank.

    • In other big European sector moves, Media sector came under heavy pressure, closing down (5.5%). Universal Music Group (UMG.NA) dived (25%) after Q2 results were received with disappointment, mainly due to paid streaming, which posted growth of just +6.7% in Q2 (excluding Downtown), vs +10.5% expected. Kepler Cheuvreux downgraded UMG.NA, cutting price target to €18 from €23. Also in the media sector, Ipsos (IPS.FP) (14.2%) CEO Jean Laurent Poitou steps down to focus on personal projects. Ipsos' board unanimously decided to appoint Kelly Beaver as the company's new CEO. Analysts at Kepler Cheuvreux comment Beaver has done a good job but is less experienced in a general sense, relatively unknown to the market and on paper is a similar profile to the previous incumbent Ben Page. Kepler Cheuvreux says this is not a good look, a setback after less than one year in the job and a good Q2 (+3% organic) with stock just starting to recover. Pearson (PSON.LN) (2.8%) traded slightly lower despite H1 headline results marginally ahead of consensus and reaffirmation of FY26 group guidance. From a divisional perspective there was a mix of positive and negatives.

    • Among other stocks in focus, NatWest (NWG.LN) +3.2% reported Q2 results ahead of expectations. Strengthened guidance for 2026. Announced an interim dividend of 12.0p per share and said will consider share-buybacks from full year 2026, six months earlier than previously planned. bp (BP.LN) announced that it is launching a process to market its North Sea business for a potential sale. Saint-Gobain (SGO.FP) +6.9% reported a solid Q2 with organic growth of 3.5%, well above expectations, driven by both price and volume gains across regions; H1 EBITDA beat consensus and FCF was strong; full-year guidance for an EBITDA margin above 15% was left unchanged. Euronext (ENX.FP) Q2 results beat expectations across the board; outperformance was driven mainly by non-volume businesses and stronger-than-expected contribution from the recently acquired Athens exchange. Leonardo (LDO.IM) +2.6% also with strong Q2 beat,

    • On macro data front, Eurozone inflation edged up in July. Headline CPI in line with expectations, core firmer than forecast. Germany unemployment increased in July. Lloyds Bank UK business barometer moved up to a four-month high in July. UK Nationwide house price index edge higher in July, as expected. In line with other readings showing that subdued conditions dampening price momentum. In Asia, China manufacturing and non-manufacturing PMIs unexpectedly fell back into contraction.

    • Market looking through Middle East developments despite more military strikes. Iran said it launched drone strikes targeting US facilities in Kuwait in response to recent US attacks in Iran. Other reports said Saudi Arabia preparing sea and possible land offensive against Houthis. Elsewhere, Trump announced that deal has reached for Hamas to disarm and Israel to withdraw forces in structured phases.

    • The week ahead sees Jul manufacturing/services PMIs from across the region as well as earnings/updates from Ahold Delhaize (AD.NA), Allianz (ALV.GR), bp (BP.LN), Deutsche Telekom (DTE.GR), Diageo (DGE.LN), Eutelsat Communications (ETL.FP), Generali (G.IM), Glencore (GLEN.LN), HSBC Holdings (HSBA.LN), Novo Nordisk (NOVO.B.DC), Siemens (SIE.GR) and Swiss Re (SREN.SW). (See related StreetAccount Summary - Europe Week Ahead: Aug 03-07)

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Oil & Gas +1.17%, Utilities +0.53%, Basic Resources +0.52%, Banks +0.34%, Technology +0.32%, Ind Goods & Svcs +0.27%, Construct & Mtls +0.18%, Insurance (0.03%)

      • Underperformers:

        • Media (5.49%), Retail (1.50%), Travel & Leisure (1.28%), Chemicals (1.13%), Health Care (0.94%), Autos & Parts (0.93%), Telecom (0.85%), Persnl & HHold Goods (0.69%), Food & Beverage (0.61%), Real Estate (0.27%), Financial Svcs (0.16%)

    • Macro:

      • UK

        • Chancellor John Healey to Deliver First Budget on October 28 (BBG)

        • Market Participants Survey results - July 2026 (link)

        • BOE's Pill Warns of Energy Price Volatility Persisting Into 2027 (BBG)

      • Markets

        • Citadel deal with Situational Awareness helps trigger relief rally in global AI stocks (Bloomberg); hedge fund had plunged 67% on AI stock losses (link)

      • Geopolitics

        • Hamas said to have agreed to disarm and demilitarize Gaza Strip, representing breakthrough in Trump's 20-point peace plan (Axios, Politico)

    • Company news:

      • Notable Gainers

        • +28.1% TRMED.NO (Thor Medical NOK5.79, +1.27) -- announces the AlphaOne production facility at Herøya Industrial Park has commenced commercial production

        • +24.2% HEAD.LN (Headlam Group £0.07, +0.01) -- trading update and strategic review

        • +22.2% WLN.FP (Worldline €12.19, +2.22) -- H1 eanrings

        • +13.2% TEP.FP (Teleperformance €69.00, +8.02) -- H1 earnings

        • +8.2% AMP.IM (Amplifon €12.15, +0.92) -- Q2 earnings

        • +6.9% SGO.FP (Compagnie de Saint-Gobain €81.28, +5.24) -- H1 earnings

        • +6.2% ENX.FP (Euronext €158.60, +9.20) -- Q2 earnings

        • +5.5% HFG.LN (Hilton Food Group £5.99, +0.31) -- to sell its Dutch-based Vegan and Vegetarian business Dalco Food B.V. to Livekindly Production NL B.V. for £5.4M

        • +5.3% AIXA.GR (Aixtron €36.27, +1.82) -- Oddo upgrade

        • +4.0% ENGI.FP (ENGIE €27.11, +1.04) -- H1 earnings

        • +3.2% NWG.LN (NatWest Group £7.06, +0.22) -- Q2 earnings

        • +2.9% WAF.GR (Siltronic €76.10, +2.15) -- Deutsche Bank and DZ upgrades

        • +2.7% BITTI.FH (Bittium €28.45, +0.75) -- to enter OMX Helsinki 25 index on 3-Aug; reports Q2 results 7-Aug

        • +2.6% ACA.FP (Credit Agricole €19.28, +0.49) -- Q2 earnings

        • +2.6% LDO.IM (Leonardo €55.12, +1.40) -- Q2 earnings

        • +2.6% UMI.BB (Umicore €21.60, +0.54) -- H1 earnings

        • +2.4% RWAY.IM (Rai Way €4.64, +0.11) -- Q2 earnings

        • +2.3% RBI.AV (Raiffeisen Bank International €59.40, +1.35) -- Q2 earnings

        • +2.2% UNI.SM (Unicaja Banco €3.33, +0.07) -- Q2 earnings

        • +1.8% BP.LN (BP £0.00, +0.10) -- to market North Sea business

        • +1.0% SBRY.LN (J Sainsbury £3.59, +0.04) -- agrees sale of Argos to Swift Partners, Cash proceeds of at least £120m

        • +0.1% CVSG.LN (CVS Group £12.52, +0.01) -- Barclays upgrade

      • Notable Decliners

        • -25.4% UMG.NA (Universal Music Group €0.00, -4.92) -- Q2 results, Kepler Cheuvreux downgrade

          • In sympathy: VIV.FP -19.5%

        • -14.4% IGG.LN (IG Group Holdings £14.60, -2.46) -- discloses the proposed acquisition of Underdog for total consideration of up to ~$1.3B; H1 earnings

        • -14.2% IPS.FP (Ipsos €35.74, -5.92) -- CEO steps down

        • -11.8% FUR.NA (Fugro €8.51, -1.14) -- Q2 earnings

        • -10.1% SLP.LN (Sylvania Platinum £0.74, -0.08) -- Q4 earnings

        • -7.5% GRG.LN (Greggs £18.80, -1.52) -- RBC Capital Markets downgrade

        • -7.4% NOVO.B.DC (Novo Nordisk DKK0.00, -24.40) -- headline results from the ZEUS cardiovascular outcomes phase 3 trial; did not translate into MACE risk reduction vs placebo

        • -7.1% PSG.SM (Prosegur Compania de Seguridad €3.02, -0.23) -- H1 earnings

        • -6.1% TW.LN (Taylor Wimpey £0.78, -0.05) -- to commence £41.9M buyback

        • -6.0% CLTN.SW (Coltene Holding CHF48.90, -3.10) -- H1 earnings

        • -5.5% INRN.SW (Interroll Holding CHF1,352.00, -78.00) -- H1 earnings

        • -5.4% ANA.SM (Acciona €238.60, -13.60) -- H1 earnings

        • -5.1% SUR.GR (Surteco Group €8.45, -0.45) -- H1 earnings

        • -4.4% MRO.LN (Melrose Industries £4.54, -0.21) -- H1 earnings

        • -3.7% SIFG.NA (Sif Holding €3.93, -0.15) -- H1 earnings

        • -3.0% ORA.FP (Orange €16.57, -0.50) -- France explores sale of partial stake in telecom operator Orange S.A. in a deal that could be valued at ~ €1.1B - Reuters

        • -2.9% CRBN.NA (Corbion €18.93, -0.57) -- Q2 earnings

        • -2.7% MEL.SM (Melia Hotels International €10.37, -0.29) -- Q2 earnings

        • -2.7% PSON.LN (Pearson £12.57, -0.36) -- H1 earnings

        • -2.5% PUM.GR (Puma €27.50, -0.70) -- Q2 earnings

        • -2.0% ABVX.FP (Abivax €106.30, -2.20) -- announces completion of its pre-NDA interaction with the FDA for obefazimod

        • -1.5% IAG.LN (International Consolidated Airlines Group £4.32, -0.07) -- Q2 earnings

        • -1.3% VOD.LN (Vodafone Group £1.18, -0.02) -- completes buyout of CK Hutchison Group Telecom Holding Limited's 49% stake in VodafoneThree for £4.3B

        • -0.8% BRNL.NA (Brunel International €7.51, -0.06) -- Q2 earnings

        • -0.3% IMI.LN (IMI £29.36, -0.10) -- H1 earnings

    • EU companies reporting on Monday:

      • Earnings:

        • Benelux: PostNL (PNL.NA)

        • DACHs: Stabilus (STM.GR), Amadeus FiRe (AAD.GR), Bertrandt (BDT.GR)

        • Nordics: Aspo (ASPO.FH)

        • Southern Europe: ENAV (ENAV.IM), Anima Holding (ANIM.IM), ElvalHalcor Hellenic Copper & Aluminium Industry (ELHA.GA)

        • UK: Senior (SNR.LN), FDM Group (Holdings) (FDM.LN)

      • Trading Update:

        • France: Bonduelle (BON.FP)

      • Sales: Moscow Exchange MICEX-RTS (MOEX.RU)

      • CMD/Events: ALNG (ALNG.NO) EGM

  • Data:

    • Economics:

      • Jul Preliminary CPI

        • Netherlands +3.1% y/y vs consensus +2.9% and prior +2.9%

        • Austria+2.7% y/y vs consensus +3.2% and prior +3.2%

        • Portugal +3.0% y/y vs consensus +3.6% and prior +3.2%

        • Italy +2.8% y/y vs consensus +2.8% and prior +3.0%

        • Eurozone +2.9% y/y vs consensus +2.9% and prior +2.8%

      • France

        • Jul Preliminary CPI +2.1% y/y vs consensus +1.8% and prior +1.8%

        • Jun PPI +2.6% y/y vs consensus +2.7% and prior revised +3.1% from +3.0%

      • Retail Sales

        • Greece May +6.8% y/y vs consensus +3.0% and prior (0.1%)

        • Switzerland Jun +1.5% y/y vs consensus +3.1% and prior revised to +3.4% from +3.5%

      • Italy Jul Business Confidence 89.6 vs consensus 88.9 and prior revised 88.6 from 88.4

      • UK Jul Nationwide House Price Index +1.8% y/y vs consensus +1.9% and prior +2.2%

      • Finland Jul Preliminary HICP +2.6% y/y vs consensus +2.7% and prior +2.7%

      • Germany Jul Unemployment Change +6K vs consensus +5K and prior (1K)

  • Markets:

    • WTI Crude (Sep 26): +$1.66 or +1.99% to $85.25

    • €-$ (0.0019) or (0.16%) to 1.1509

    • £-$ (0.0001) or (0.01%) to 1.3466

    • €-£ (0.0014) to 0.8548

    • S&P 500 (0.04%)

    • Performance year-to-date

      • FTSE 100: +9.43%

      • DAX: +4.65%

      • CAC: +4.42%

      • MIB: +16.08%

      • Stoxx 600: +9.63%

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

    • BNY.com Terms of Use Privacy Cookie Notice Manage Cookies Disclaimer CUSIP Disclaimer

    • ©  2025 The Bank of New York Corporation. Depositary Receipt business and services are conducted through The Bank of New York.