Voxeljet Leads Declines Among European ADRs as German Industrial Output Weakens in May

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Voxeljet Ag. ( VJET ) led declines among American depositary receipts of European companies Monday as the region's markets fell on disappointing German output data.

The biggest European economy's industrial production dropped 1.8% in May, the sharpest monthly decline in two years.

The Bank of New York Mellon Europe ADR Index fell 1.1%, compared with a 0.5% decline for the S&P 500 Stock Index.

Voxeljet, a German maker of 3-D printing systems, fell 7.6% to $22.41 per ADR, leading the decline for European companies.

European energy companies posted broad declines as oil fell below $104 a barrel to a one-month low on expectations that Libya would resume exports. Decliners included Total ( TOT ) -1.5%, Eni ( E ) -1.4%, Statoil ( STO ) -0.9% and BP ( BP ) -0.7%.

ADR decliners included Bank of Ireland (IRE) -4.4%, Ryanair Holdings Plc. (RYAAY) -3.8% and Portugal Telecom SGPS Sa. (PT) -3.8%.

ADR advancers included Turkcell Iletsim Hizmet (TKC) +2.6%, Edap TMS Sa. (EDAP) +1.4% and Fresenius Medical Care Ag. (FMS) +1%.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: VJET , TOT , E , STO , BP

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