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 +0.80% to 10124.60, DAX +0.53% to 25261.64, CAC40 +1.44% to 8362.09, STOXX 600 +0.97% to 609.67

Jan 09 ,2026

  • Synopsis:

    • European indices ended in positive territory, helped by a similar session in the US. In geopolitics, optimism surrounding Ukraine ceasefire agreement with Russia is fading after Moscow denounced European troop deployment plan announced earlier this week (Guardian). European leaders and US envoys said postwar mechanism to include UK and French troops to protect Ukraine infrastructure, but Kremlin said this will be legitimate targets and classified as foreign intervention (CNN). German Chancellor Merz conceded on Thursday that a ceasefire was still "quite far away" given Russia's position. Said first a ceasefire must be reached and then security guarantees for long-term agreement. Zelenskyy played down declaration of intent by allies on security, saying Ukraine has not been given sound guarantees. In addition, there are also outstanding territorial issues to negotiate, with Russian pushing for control of eastern Donetsk and Zaporizhzhia nuclear power plant, another contentious issue for Kyiv (BBC). US is pressuring Russia to reach an agreement with approval of big sanctions bill, but Russia continues its offensive and launched attacks on Kyiv and Lviv. Struck critical infrastructure in Lviv using Oreshnik hypersonic missile (Independent). In the UK, PM Starmer's push for closer EU alignment will exclude the City of London after lobbying against a return to Brussels rules (FT). Unnamed UK officials have said that while ministers want closer cooperation with the bloc, there is no intention to reintegrate the UK financial sector with the Brussels rulebook. The UK's independence from EU rules has enabled City of London to relax its regulation at a more rapid pace. City of London firms lobbied the government for equivalence with EU rules to maintain market access initially after the Brexit vote, but appetite has faded. Regulators have taken advantage by delaying introduction of the Basel III reforms on bank capital and scrapped the cap on bankers' bonuses to enhance competitiveness of the sector. Areas for potential compromise could revolve around recognition of professional qualifications. The EU is still the UK's second largest trading partner for financial services, but the bloc treats UK financial professionals as "third country nationals". Government has talked up dynamic alignment in industries to overcome post-Brexit friction.

    • On the macro-front, German industrial production firmer than expected after Thursday's big jump in factory orders. French production numbers subdued. Norwegian inflation surprises on the upside and supports Norges Bank caution on further rate cuts. Elsewhere, Russia denounces European troops plan in line with previous position. Elsewhere, US shale leaders have warned Trump on Venezuelan oil hampering US drillers. In UK press, report that PM Starmer will exclude City of London from push for closer EU alignment. UK Chancellor Reeves is watering down business rates reform for pubs and hospitality industry. Also, UK Gilts on track for best week since October amid BoE rate cut bets and government shift away from long-term borrowing. Benchmark 10-year down more than 10 bps close to 4.40%. Fixed income strategists have talked up Gilts as a good bet on relative value basis. Some thoughts that decision by Debt Management Office to cut long-dated bond sales may be influencing. In terms of macro developments, recent easing in headline inflation, weak forward-looking indicators, subdued demand and ongoing labor market weakness will enable BoE to cut rates in the coming months. Money markets betting next 25 bp cut in April, though potential for February move if job losses gain traction. At least two rate cuts priced in this year, though dovish calls see possibility of three moves if wages come down and services prices ease further. Other supportive factors for Gilts include bigger fiscal buffer built into November budget, reducing long running speculation on fiscal policy uncertainty. Biggest risks for Gilts and fiscal outlook might come from change in UK leadership.

    • On the reporting front, Sainsbury(J) (SBRY.LN) shares treading lower after missing Q3 consensus whilst - in the DACH region - TeamViewer (TMV.GR) and Tecan Group (TECN.SW) reported preliminary FY revenue numbers; in the Nordics, Pandora (PNDORA.DC) now expects to deliver FY25 organic growth of ~6% vs prior guidance of 7-8% and an FY25 EBIT margin of 24% vs guidance ~24%; also, TGS-NOPEC Geophysical Co. (TGS.NO) issued an operational update and - at its CMD today - Yara International (YAR.NO) announced it is now targeting over $600M in free cash flow expansion from 2024 to 2030. In M&A news, Glencore (GLEN.LN) and Rio Tinto (RIO.LN) have resumed talks on their $260B merger

    • Looking ahead to next week calendars (please see our Europe Week Ahead: Jan 12-16 attached below), Germany 2025 GDP, UK Nov industrial/manufacturing production, final Dec CPIs from across the region as well as earnings/updates from bp (BP.LN), Brunello Cucinelli (BC.IM), Jeronimo Martins (JMT.PL), Repsol (REP.SM), Richemont (CFR.SW) and Whitbread (WTB.LN) will be the main releases. Other companies due to report include from DACHs region Partners Group Holding (PGHN.SW), Sika Group (SIKA.SW), Chocoladefabriken Lindt & Spruengli (LISN.SW), Geberit (GEBN.SW), Suedzucker (SZU.GR), Agrana Beteiligungs (AGR.AV), Nordics Aker BP (AKRBP.NO), Dustin Group (DUST.SS), Other Pepco Group (PCO.PW) and the UK Taylor Wimpey (TW.LN), Dunelm Group (DNLM.LN), Rathbones Group (RAT.LN), Ashmore Group (ASHM.LN) as well as Pearson (PSON.LN). Airbus (AIR.FP) due to release audited 2025 orders/deliveries, whilst monthly traffic statistics from a number of airports are sprinkled through the week

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers: Technology +3.47%, Oil & Gas +2.49%, Media +2.43%, Persnl & HHold Goods +2.10%, Basic Resources +2.02%, Chemicals +1.52%, Food & Beverage +0.97%

      • Underperformers: Insurance (1.29%), Travel & Leisure (0.61%), Telecom (0.56%), Real Estate (0.20%), Utilities +0.13%, Construct & Mtls +0.23%, Banks +0.40%, Retail +0.55%, Health Care +0.57%, Autos & Parts +0.67%, Financial Svcs +0.74%, Ind Goods & Svcs +0.96%

    • Macro:

      • EU countries approve Mercosur trade deal after 25 years of talks (Politico)

      • France Warns That Europe Is Under Threat From US Coercion (BBG)

      • German trade takes a hit as exports stumble and imports wobble (EN)

      • Germany plans measures to combat harmful AI image manipulation (Reuters)

      • It's time for the EU to talk to Russia says PM Meloni (Ansa)

      • UK businesses call to be included in any pub rates backtrack (BBC)

      • Russia Strikes Western Ukraine With Rare Oreshnik Missile (BBG)

    • Company news:

      • Notable Gainers

        • +49.5% ATORX.SS (Alligator Bioscience SEK0.49, +0.16) -- to present new OPTIMIZE-1 mitazalimab data

        • +13.3% BYW6.GR (BayWa €3.44, +0.41)

        • +9.6% GLEN.LN (Glencore £4.53, +0.40) -- confirms preliminary discussions with Rio Tinto; Rio Tinto would seek to retain Glencore's trading division if it proceeds with takeover -- Reuters

        • +9.2% GURN.SW (Gurit Holding CHF13.00, +1.10) -- signs new supply agreement expected to generate CHF250M in sales

        • +7.7% TECN.SW (Tecan Group CHF151.00, +10.80) -- prelim FY earnings

        • +6.3% SAAB.B.SS (Saab SEK682.00, +40.60)

        • +5.9% TGS.NO (TGS-NOPEC Geophysical Co. NOK95.80, +5.30) -- operational update

        • +4.5% CKN.LN (Clarkson £41.65, +1.80) -- updates FY guidance

        • +4.4% TMV.GR (TeamViewer €5.99, +0.25) -- prelim FY revenue

        • +4.3% KOG.NO (Kongsberg Gruppen NOK299.25, +12.40)

        • +3.3% F3C.GR (SFC Energy €13.82, +0.44) -- signs new framework agreement

        • +3.2% GOMX.SS (GomSpace Group SEK19.78, +0.62) -- contract

        • +3.2% TNG.FP (Transgene €0.97, +0.03) -- study update

        • +2.7% AAL.LN (Anglo American £32.16, +0.84) -- Merger between Teck Resources and Anglo American likely to receive EU antitrust approval - Reuters

        • +2.7% HBR.LN (Harbour Energy £1.91, +0.05)

        • +2.5% ISOFOL.SS (Isofol Medical SEK0.72, +0.02)

        • +2.2% AKER.NO (Aker ASA NOK781.00, +17.00)

        • +2.1% SVIK.SS (Studsvik SEK286.00, +6.00)

        • +1.7% FLOW.NA (Flow Traders €26.10, +0.44) -- Q4 pre-close call script

        • +1.0% YAR.NO (Yara International NOK396.20, +3.80) -- CMD

        • +0.9% CLAS.B.SS (Clas Ohlson SEK305.80, +2.80) -- Dec sales

        • +0.5% NXT.LN (Next £143.35, +0.70) -- is working on an offer for shoe-retailer Russell & Bromley -- Sky News

      • Notable Decliners

        • -13.9% MATAS.DC (Matas DKK107.80, -17.40) -- Q3 revenue

        • -13.0% PNDORA.DC (Pandora DKK588.40, -88.00) -- expects to deliver FY25 organic growth of ~6% vs prior guidance of 7-8% and FY25 24% EBIT margin

        • -5.3% SBRY.LN (J Sainsbury £3.12, -0.17) -- Q3 trading statement

        • -3.3% CRNA.NO (Circio Holding NOK1.23, -0.04) -- provides updated key information relating to the rights issue

        • -3.2% GJF.NO (Gjensidige Forsikring NOK282.80, -9.20) -- approves plan for merger of Gjensidige and its wholly owned subsidiary Gjensidige Business Services AB

        • -3.0% RIO.LN (Rio Tinto $60.06, -1.88) -- Glencore confirms preliminary discussions with Rio Tinto: Rio Tinto would seek to retain Glencore's trading division if it proceeds with takeover -- Reuters

        • -2.9% BINV.SS (BioInvent International SEK30.30, -0.90)

        • -2.0% KID.NO (Kid ASA NOK129.20, -2.60) -- Q4 revenue

        • -1.9% SQN.SW (Swissquote Group Holding CHF477.20, -9.40) -- initiated neutral at Goldman Sachs

        • -1.7% BAYN.GR (Bayer AG €38.88, -0.65) -- announces FDA acceptance of IND for AB-1009 in late-onset Pompe disease

        • -0.7% SAF.FP (Safran €317.30, -2.30)

        • -0.3% BCP.PL (Banco Comercial Portugues €0.88, -0.00) -- informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium Q4

        • -0.3% SAX.GR (Stroeer SE & Co. KGaA €37.65, -0.10) -- I Squared said to drop pursuit of Ströer's billboard unit -- BBG

    • EU companies reporting on Monday:

      • Earnings:

        • Knights Group Holdings (KGH.LN)

      • Trading Update:

        • DACHs: Volkswagen Group (VOW.GR) deliveries 2025

        • France: Airbus (AIR.FP) 2025 orders/deliveries investor call at 18:30CET

        • Southern Europe: Repsol (REP.SM), Brunello Cucinelli (BC.IM)

        • UK: Oxford Nanopore Technologies (ONT.LN), Polar Capital Holdings (POLR.LN)

        • Other: Íslandsbanki (ISB.IR)

      • Traffic:

        • Heathrow Airport (+HTR.LN)

      • CMD/Events:

        • Circio Holding (CRNA.NO) EGM rights issue, SmartCraft (SMCRT.NO) EGM cross-border merger and relisting to Nasdaq Stockholm

    • Macro-releases expected on Monday:

      • Eurozone Jan economic index - Sentix

      • Switzerland Dec consumer confidence - SECO

      • Denmark Dec CPI

  • Data:

    • Economics:

      • Nov Industrial Production

        • Germany +0.8% m/m vs consensus (0.4%) and prior revised +2.0% from +1.8%

        • Sweden +4.2% y/y vs consensus +6.0% and prior +5.9%

        • France (0.1%) m/m vs consensus (0.2%) and prior +0.2%

        • Spain +4.5% y/y vs consensus +1.0% and prior +1.2%

        • Finland +1.9% y/y vs consensus +1.9% and prior revised +2.2% from +2.3% (1:00ET)

      • France Nov Consumer Spending (0.3%) m/m vs consensus +0.2% and prior revised +0.5% from +0.4%

      • Nov Manufacturing Production

        • Netherlands (0.5%) m/m vs consensus +1.0% and prior revised +0.4% from +0.2%

        • Denmark (5.7%) m/m vs consensus +2.9% and prior revised (4.0%) from (3.5%)

      • Nov Trade Balance

        • Germany €13.1B vs consensus €16.3B and prior revised €17.2B from €16.9B

        • Denmark DKK28.8B vs consensus DKK24.9B and prior revised DKK27.6B from DKK28.1B

      • Nov Retail Sales

        • Eurozone +2.3% y/y vs consensus +1.6% and prior revised to +1.9% from +1.5%

        • Italy +1.3% y/y vs consensus +1.5% and prior +1.3%

      • Norway Dec

        • CPI +3.2% y/y vs consensus +3.0% and prior +3.0%

        • PPI (11.4%) y/y vs consensus (8.6%) and prior (8.1%)

      • Switzerland Dec Unemployment Rate (sa) 3.0% vs consensus 3.0% and prior 3.0%

    • Markets:

      • WTI Crude (Feb 26): +$1.72 or +2.98% to $59.48

      • €-$ (0.0028) or (0.24%) to 1.1634

      • £-$ (0.0029) or (0.22%) to 1.3411

      • €-£ +0.0000 to 0.8677

      • S&P 500 +0.48%

      • Performance year-to-date

        • FTSE 100: +1.95%

        • DAX: +3.15%

        • CAC: +2.61%

        • MIB: +1.72%

        • Stoxx 600: +2.95%

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