American depositary receipts of European companies showed broad
declines on Tuesday as the region's markets fell on weaker German
trade data and slower U.K. output.
Germany's exports declined 1.1% in May while imports fell 3.4%
from a month earlier, the biggest monthly decline since November
2012, according to the federal statistics office Destatis.
Meanwhile, U.K. factory output fell 1.3% in May from the prior
month, the first drop since November.
The Bank of New York Mellon Europe ADR Index fell 1.2% compared
with a 0.8% loss for the S&P 500 Stock Index.
Materialise NV (
), a Belgian 3D printing company, fell 6.6% to $13.50 per ADR after
saying underwriters exercised their over-allotment option to
purchase an additional 1.2 million ADRs at the offering price of
Europe's ADR decliners included Vodafone Group (
) -2.8%, Amarin Plc (
) -3%, Lloyds Banking Group (
) -3.4%, Criteo Sa (
) -9% and Voxeljet Ag (VJET) -8.3%,
Koninklijke Philips NV (PHG) gained 1.7% to $31.98 per ADR after
saying Deborah DiSanzo stepped down as chief executive officer of
Phillips Healthcare as the company restructured.
European ADR gainers included Celsus Therapeutics Plc (CLTX)
+3.9%, Natuzzi Spa (NTZ) +2.1% and Turkcell Iletsim Hizmet (TKC)