Depository receipts of European stocks reached a 10-day high on
Friday buoyed by growth in financial institutions and
telecommunications providers, a move slightly offset by declines in
The Bank of New York Mellon Europe ADR Index was up 0.75% to
150.86 during Friday's morning session, coinciding with new figures
showing that the UK economy grew by 3.2% in Q2 compared to the same
period a year earlier. This was ahead of expectations for 3.1%
growth during the period and represented the best economic
performance since the financial crisis in 2008.
Dutch banking giant ING Groep (
) expanded 1.87% whilst VimpelCom-Com (
), a holding company for telecommunications operators, lifted
Koninklijke Philips Electronics - New York Shares (
) also grew 1.78% and was followed by Banco Santander (
), which rose 1.34%.
Software services provider Alcatel Lucent (
) was up 1.27% and metal mining giant Rio Tinto (RIO) lifted 1.27%.
Vodafone (VOD) also expanded by 1.07%
Decliners during the morning session were led by Sequans
Communications (SQNS), a developer of semiconductor solutions,
which was down 1.59%.
Voxeljet AG (VJET), a manufacturer of 3D printers, also fell
1.46% and bisciences company Amarin (AMRN) was down 1.09%.
Gold miner Randgold Resources (GOLD) slid 1.01%, hardware
marketer Logitech (LOGI) dipped 0.84% and bioscience company
Grifols (GRFS) contracted 0.34%.
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