European ADRs Mostly Higher in New York Morning Trade


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International stocks trading in New York followed their U.S. counterparts higher on Friday on the back of positive U.S. earnings sentiment which overshadowed concerns about the economy and the taper in Fed stimulus.

The Bank of New York European index of American depositary receipts was last up 0.3% at 151.57 with many gains in financial services companies.

AEGON N.V. ( AEG ), a provider of life insurance, pension, and asset management products and services, was among the big advancers posting an almost 4% gain to $9.04. The Governor and Company of the Bank of Ireland ( IRE ), a provider of banking and other financial services to consumer and business banking sectors in Ireland and globally, rose 3.1% to $20.21.

But gains were across the board. Veolia Environnement S.A. ( VE ), a provider of environmental management services to public authorities, industrial and commercial services customers globally, was up 1.3%t to $17.58.

Total SA ( TOT ), the global oil and gas company, was up 1.9% to $62.56. The French company was upgraded to neutral from sell at Goldman Sachs.

Of course, it was not all good news in the stock market. InterContinental Hotels Group ( IHG ) lost 2.8% to $32.16, Coca-Cola HBC AG (CCH), the bottler of products of The Coca-Cola Company in Switzerland, lost 1.8% to $26.15.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
More Headlines for: AEG , IRE , VE , TOT , IHG

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