European ADRs Slide as Lenders, Natural Resource Majors Slump


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American depositary receipts of European stocks were down 0.96% to 133.05 on the Bank of New York Mellon Europe ADR Index Tuesday.

In continental Europe, geoscience firm CGG ( CGG ) led decliners, slumping 5.7%, followed by biopharmaceutical firm Ascendis Pharma ( ASND ), down 5.3%. Norwegian oil major Statoit ( STO ) followed with a 3.4% drop. Lenders Banco Santander ( SAN ), ING Group ( ING ) and Credit Suisse (CS) were off 2.0%, 1.7% and 0.8%, respectively.

In the U.K., natural resource giant BHP Billiton (BHP) led the decline, falling 3.9%. Peer Rio Tinto (RIO) and British oil giant BP (BP) followed, both falling 3.3%. B shares of Anglo-Dutch oil major Royal Dutch Shell (RDS.B) were down 2.7%. U.K. lender Llloyds Banking (LYG) was down 2.5%.

Gainers in continental Europe were led by drug maker Oasmia Pharmaceutical (OASM), up 4%. Biopharmaceutical firms TiGenix (TIG) and DBV Technologies (DBVT) followed, gaining 2.1% and 1.2%, respectively.

In the U.K., gainers were led by biopharmaceutical firm GW Pharmaceuticals (GWPH), up 3.5%. Peers Amarin (AMRN) and Akari Therapeutics (AKTX) followed, rising 2.3% and 1.8%, respectively.

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

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This article appears in: Investing , Stocks
Referenced Symbols: CGG , ASND , STO , SAN , ING


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