Europe ADRs Slip as ECB Chief Draghi Warns of Geopolitical Pressure on Economy

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European ADRs as a group contracted 0.64% to 148.60 on Thursday, according to data published by the Bank of New York Melon Europe ADR Index.

ECB President Mario Draghi said after a monetary policy meeting today that geopolitical risks and pressures tied to the situation in Ukraine will have a more negative impact on Europe than other Western countries, with continued "downside risks" to the economy from trade sanctions.

Among the biggest decliners were pharmaceutical companies, including GlaxoSmithKline ( GSK ), down 2.1%, and Shire ( SHPG ), down 1.5%. Other losers included mobile services provider Vodafone ( VOD ), down 0.8%, oil and gas giant Royal Dutch Shell (RDS.A), up 0.7%, Spain's Banco Santander ( SAN ), down 1.7%, and customer analytics firm Criteo ( CRTO ), down 1.2%.

Gainers included network technology firm AlcatelLucent (ALU), up 0.6%, Dutch banking group ING (ING), up 0.5%, National Bank of Greece (NBG), up 1.3%, Voxeljet (VJET), the maker of 3D printers, up 7.4% and microprocessor maker ARM Holdings (ARMH), up 1.5%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: GSK , SHPG , VOD , SAN , CRTO

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