European ADRs as a group contracted 0.61% to 150.65 on Tuesday
morning, according to data published by the Bank of New York Melon
Europe ADR Index.
The slight fall came despite fresh data showing that Eurozone
growth accelerated at the start of the third quarter. U.S. stock
markets were broadly lower in late-morning action.
The final Markit Eurozone PMI Composite Output Index, published
on Tuesday, rose to a three-month high of 53.8 in July, up from
52.8 in June, but slightly lower than the earlier flash estimate of
54.0. The latest rate of expansion was the second-strongest in over
three years, bettered only during this sequence by April's
Medical device manufacturer Edap (
) led the ADR gainers, advancing 4.97% to $1.69. Kidney dialysis
company Fresenius Medical Care (
) rose 2.28% to $34.59 and healthcare company Novo Nordisk (
) was up 1.54% to $46.09.
Mobile phone company Nokia (
) climbed 1.27% to $7.95 and food retailer Delhaize was up 1.18% to
ADR decliners were led by Telecom Italia (
), a communications provider, which was down 6.18% to $10.93.
CGG (CGG), a manufacturer of geophysical equipment, had fallen
4.11% to $9.56. Information technology solutions and communications
company Alcatel-Lucent (ALU) was 3.8% lower at $3.29. National Bank
of Greece (NBG) had also dropped 3.85% to $3.
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