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 +0.49% to 9703.16, DAX +0.68% to 24294.61, CAC40 +0.79% to 8085.76, STOXX 600 +0.55% to 581.34

Dec 11 ,2025

  • Synopsis:

    • European indices ended in positive territory, except for Switzerland. In macro-news, Germany's leading economic institutes said the economy has stabilized at low levels but remain stuck in meagre growth phase. The Kiel Institute forecast growth of 1.0% versus autumn forecast of 1.3% and sees 2027 GDP at 1.3% versus prior 1.2%. Highlighted that strong headline growth rates in 2026 and 2027, partly driven by government stimulus and more working days, which would mask persistent underlying weakness. In central banks news, as expected, the SNB kept its policy rate at 0.00%, extending the pause it began in September after six cuts totalling 175bps and maintaining the most accommodative stance among major central banks. SNB said decision reflects very soft inflation (0% in November) and weak activity, with Q3 GDP contracting 0.5%. Recent prints undershot expectations and strong CHF continues to suppress import prices, while medium-term inflation pressure is broadly unchanged. Also, ECB policymakers are supporting wait-and-see stance and Executive Board member Schnabel support market expectations that next move will be a rate increase

    • Of note, the FT reported that carmakers have warned "Made in Europe" proposals that set levels for sourcing car parts locally could disrupt the supply chain and undermine the industry. Targets will vary according to Europe's dependency on certain trade partners for specific parts. Local suppliers back the EU plans that are critical to their survival as they compete with Chinese rivals. However, there are worries that it could slow Europe's transition to electric vehicles. Brussels have delayed its plan until next year due to backlash by some governments and European Commission departments. Baltic member states, Nordic countries and the Czech Republic have resisted plans. They argue that European preference should be a last resort because it could stifle innovation, potentially breach trade deals and risk competitiveness. Sources said the proposal could cost EU companies more than €10B if they are forced to buy more expensive parts, which would hamper competition and lead to higher prices. Car makers want countries like Japan, UK and Turkey to be included in local content thresholds.

    • On the reporting front, a slew of companies are holding their CMDs today, including Schneider Electric (SU.FP), Zealand Pharma (ZEAL.DC) and Inwido (INWI.SS); elsewhere, Ontex Group (ONTEX.BB) lowered its FY outlook CEO also stepped down), whilst Drax Group (DRX.LN) issued its trading update; in Germany, Carl Zeiss Meditec (AFX.GR) reported FY and - in the airport sector - Fraport (FRA.GR), Flughafen Zuerich (FHZN.SW) and Heathrow (+HTR.LN) issued Nov traffic statistics. In M&A news, Freudenberg will acquire Nilfisk (NLFSK.DC) for DKK 140/share in cash, valuing Nilfisk at ~DKK 3.80B, Titan S.A. (TITC.BB) agreed to acquire Traçim Cement in the Greater Istanbul market for ~$190M and Snam (SRG.IM ) agreed to acquire a 48.2% interest in FSRU Toscana from Igneo Infrastructure Partners for total consideration of ~€126M; furthermore, wires reported that Rheinmetall (RHM.GR) is making a fresh pitch to acquire part of KNDS and - in another deal - Engie and CIP are competing for Ørsted (ORSTED.DC) wind business

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers: Travel & Leisure +1.89%, Construct & Mtls +1.72%, Banks +1.32%, Food & Beverage +0.98%, Insurance +0.91%, Basic Resources +0.88%, Ind Goods & Svcs +0.69%, Retail +0.59%

      • Underperformers: Utilities (0.54%), Oil & Gas (0.22%), Technology (0.05%), Real Estate +0.03%, Financial Svcs +0.08%, Chemicals +0.27%, Telecom +0.30%, Health Care +0.30%, Media +0.38%, Persnl & HHold Goods +0.48%, Autos & Parts +0.50%

    • Macro:

      • EU Eyes Russian Asset Freeze Deal by Friday for Ukraine Loan (BBG)

      • Germany asks US to join Ukraine peace talks in Berlin (Politico)

      • German economy stuck in slow lane, institutes say (Reuters)

      • Italy takes part in defence summit call with Germany, France, Poland and UK (Ansa)

      • Bulgarian prime minister steps down after mass protests (dw)

      • Hungary's Orban says Trump strategy grasps Europe's 'civilisation-scale decline' (Reuters)

    • Company news:

      • Notable Gainers

        • +34.4% NLFSK.DC (Nilfisk Holding DKK138.40, +35.40) -- Freudenberg to acquire Nilfisk for DKK 140/sh in cash; earnings

        • +19.9% KDEV.SS (Karolinska Development SEK0.38, +0.06) -- portfolio company SVF Vaccines presents new preclinical data demonstrating extended effect of SVF-001 in chronic hepatitis B and D

        • +15.2% POXEL.FP (Poxel €0.26, +0.03) -- follow-through on earnings; AGM today

        • +11.6% SEQUA.BB (Sequana Medical €0.73, +0.08) -- successful completion of first commercial implantations of alfapump System at University of Pennsylvania

        • +7.3% SUS.LN (S&U Plc £19.95, +1.35) -- trading update

        • +5.7% RWS.LN (RWS Holdings £0.82, +0.04) -- earnings

        • +4.5% DTG.GR (Daimler Truck Holding $38.44, +1.65) -- Edenred and Daimler Truck join forces to accelerate the rollout of charging infrastructure for electric trucks in Europe

        • +3.5% FRA.GR (Fraport €70.65, +2.40) -- Nov traffic

        • +3.5% TSTL.LN (Tristel £3.70, +0.13) -- AGM

        • +3.2% TITC.BB (Titan S.A. €45.55, +1.40) -- acquisition

        • +3.1% BC.IM (Brunello Cucinelli €96.12, +2.86) -- year-end update

        • +2.6% SU.FP (Schneider Electric €239.65, +6.15) -- CMD

        • +1.4% MTRS.SS (Munters Group SEK180.70, +2.50) -- order

        • +1.0% VLA.FP (Valneva €3.83, +0.04) -- vaccine update

        • +0.1% NCC.LN (NCC Group £1.40, -0.00) -- earnings

      • Notable Decliners

        • -19.6% ONTEX.BB (Ontex Group €5.18, -1.26) -- lowers outlook, CEO departure

        • -10.0% CWR.LN (Ceres Power Holdings £2.78, -0.31) -- Grizzly Research short report

        • -7.7% GIVN.SW (Givaudan CHF3,049.00, -255.00) -- pre-close call

        • -7.2% AFX.GR (Carl Zeiss Meditec €39.74, -3.10) -- earnings

        • -6.4% NTGY.SM (Naturgy Energy Group €24.48, -1.68) -- Holder places ~68.8M shares

        • -3.2% 1SXP.GR (SCHOTT Pharma $15.30, -0.50) -- earnings

        • -2.4% PEY.LN (Partners Group Private Equity £10.15, -0.25) -- Oct NAVPS

        • -2.2% ENT.LN (Entain £7.43, -0.17) -- CFO steps down

        • -1.9% MVV1.GR (MVV Energie €31.00, -0.60) -- earnings

        • -1.4% SRP.LN (Serco Group £2.54, -0.04) -- reinstated neutral at JPMorgan

        • -1.2% EMBRAC.B.SS (Embracer Group SEK59.90, -0.75) -- Coffee Stain Group shares open at SEK26.62 on Nasdaq First North Premier Growth Market

        • -1.2% EXENS.FP (Exosens €47.70, -0.60) -- contract with Theon International (THEON.NA)

        • -0.9% SAP.GR (SAP €209.05, -1.90) -- Oracle (ORCL) sympathy

        • -0.5% G.IM (Generali €34.55, -0.19) -- and Natixis look poised to scrap their asset management tie-up -- FT

    • EU companies reporting tomorrow:

      • Nordics: Sectra (SECT.B.SS), Fluegger Group (FLUG.B.DC)

      • Traffic: DFDS (DFDS.DC)

      • CMD/Events: Wendel (MF.FP), Helios Towers (HTWS.LN) JPM Telecoms Towers Call Series

    • Macro releases scheduled for tomorrow:

      • Germany Nov final CPI, France Nov final CPI, Spain Nov final CPI, Portugal Nov final CPI

      • UK Oct industrial/manufacturing production, trade balance, construction output and the Nov monthly GDP tracker

      • Sweden Nov unemployment rate

  • Data:

    • Economics:

      • SNB keeps policy rate unchanged at 0%

      • Sweden Nov CPI +0.3% y/y vs preliminary +0.3%

    • Markets:

      • WTI Crude (Jan 26): ($1.22) or (2.09%) to $57.24

      • €-$ +0.0054 or +0.46% to 1.1751

      • £-$ +0.0038 or +0.28% to 1.3421

      • €-£ +0.0014 to 0.8755

      • S&P 500 (0.17%)

      • Performance year-to-date

        • FTSE 100: +18.72%

        • DAX: +22.03%

        • CAC: +9.55%

        • MIB: +27.84%

        • Stoxx 600: +14.52%

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