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European ADRs Move Higher in Monday Trading


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American Depositary Receipts of European stocks were trading 0.15% higher at 139.12 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical ( OASM ), which jumped 39.3%, followed by fellow pharmaceutical firm Ascendis Pharma ( ASND ), which was up 1.9%. Financial services firm Credit Suisse ( CS ), and bank Banco Bilbao Vizcaya Argentaria ( BBVA )were up 1.2% and 0.8%.

The decliners in continental Europe were led by semiconductor company STMicroelectronics ( STM ), and medical equipment and technology company Koninklijke Philips Electronics (PHG), which fell 2% and 1.7% respectively. They were followed by biopharmaceutical firm DBV Technologies (DBVT), and biotech company Zealand Pharma (ZEAL), which were down 1.4% and 1.3%.

In the UK and Ireland, the gainers were led by Midatech Pharma (MTP), which surged 21.9%, followed by communications group WPP (WPP), which was up 2.4%. Telecommunications provider BT Group (BT), and bank HSBC (HSBC) rose 1.1% and 0.8% respectively.

The decliners in the UK and Ireland were led by airline operator Ryanair (RYAAY), and biopharmaceutical company Adaptimmune Therapeutics (ADAP), which lost 5.9% and 3.5% respectively. They were followed by pharmaceutical firm GlaxoSmithKline (GSK), and mining company Randgold Resources (GOLD), which shed 2% and 1.8%.

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: OASM , ASND , CS , BBVA , STM



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