National Bank of Greece (
) on Thursday led gains among American depositary receipts of
European companies after being upgraded. Also supportive, European
markets showed broad gains after the European Central Bank cut
certain interest rates to a negative level for the first time and
announced further stimulus measures.
Bank of New York Mellon's Europe ADR Index rose 0.4%, compared
with a 0.3% gain for the S&P 500 Stock Index. Advancers led
decliners 65 to 38.
National Bank of Greece climbed 4.7% to $3.79 per American
depositary receipt after an upgrade to a buy rating from hold by
analysts at Deutsche Bank.
Fly Leasing Ltd. (
) rose 2.9% to $14.19 per ADR after announcing the purchase of four
Boeing 737-800 aircraft that are leased to four European
European ADR Gainers included Orange (
) +3.5%, Prisa (PRIS-B) +3.2% and Abengao SA (
Smith & Nephew Plc (
) led decliners with a 5.5% slide to $91.88 per ADR. It reached a
record high Wednesday after an unconfirmed press report said
Medtronic Inc. (MDT) was evaluating a takeover bid on the
Decliners included Arm Holdings Plc (ARMH) -2%, Mechel OAO (MTL)
-2.1% and Aixtron SE (AIXG).
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.