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European ADRs Move Higher in Friday Trading


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American Depositary Receipts of European stocks were trading 0.17% higher at 137.76 on the Bank of New York Mellon Europe ADR Index on Friday.

In continental Europe, the gainers were led by pharmaceutical firm Ascendis Pharma ( ASND ), and biopharmaceutical company DBV Technologies S.A. ( DBVT ), which rose 4.6% and 4.0% respectively. They were followed by Deutsche Bank ( DB ), and 3D printer company Voxeljet ( VJET ), which was up 3.2% and 2.9%.

The decliners in continental Europe were led by semiconductor company STMicroelectronics ( STM ), and hotel booking site Trivago (TRVG) which lost 1.1% and 0.8% respectively. They were followed by automation company ABB (ABB), which dropped 0.4%.

In the UK and Ireland, the gainers were led by Midatech Pharma (MTP), which rose 2.5% and another bio company, NuCana (NCNA), which was up 2.1%. They were followed by telecommunications provider Vodafone Group (VOD), and information and analytics company RELX PLC (RELX), which were up 1.7% and 1.4%.

The decliners in the UK and Ireland were led by gene therapy company Nightstar (NITE), and mining company Randgold Resources (GOLD), which fell 1.9% and 1.5% respectively. They were followed by banks Royal Bank of Scotland (RBS), and HSBC (HSBC), which were off 0.6% and 0.5%.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: ASND , DBVT , DB , VJET , STM



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