European ADRs Rise in Early New York Trade, Buoyed by German Confidence Data

By
A A A

European stocks trading in New York rose on Monday as German confidence data increased for a fourth straight month in February and Moody's Investors Service raised Spain's credit rating over the weekend.

The Bank of New York European Index of American depositary receipts was last up 0.3% at 151.13. A rise in the S&P 500 to a new record also bolstered European ADR's.

British-based Vodafone Group ( VOD ) was the most active ADR in New York morning trade with 5.3 million changing hands in the opening minutes, compared with the average daily volume in January of 10.97 million. Its ADRs were up 6.3% at $41.44 with the session peak at $41.81, a break out of the prior 52-week trading range of $24.48 to $39.57.

Verizon ( VZ ) completed its acquisition of Vodafone Group's 45 percent minority interest in Verizon Wireless on Feb. 21.

Other stocks to post large moves in early trade on Monday were diverse.

National Bank of Greece ( NBG ) fell 3.2% to $4.56 and Aixtron ( AIXG ) fell 2% to $16.93, while STMicroelectronics ( STM ) rose 1% to $8.40 and AstraZeneca (AZN) rose 1% to $67.54.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: VOD , VZ , NBG , AIXG , STM

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Cheap Ways to Sleep Better
Cheap Ways to Sleep Better          

Stocks

Referenced

Most Active by Volume

83,969,192
  • $16.165 ▲ 0.03%
29,980,697
  • $101.1675 ▲ 0.58%
19,019,796
  • $60.35 ▲ 8.33%
16,383,116
  • $99.16 ▲ 0.26%
15,990,485
  • $10.63 ▲ 9.14%
14,653,164
  • $74.54 ▼ 0.04%
14,402,059
  • $50.95 ▼ 0.23%
13,158,984
  • $17.14 ▼ 3.33%
As of 8/22/2014, 01:58 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com