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European ADRs Move Higher in Tuesday Trading


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American depositary receipts of European stocks were trading 0.10% higher at 129.21 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by biopharmaceutical companies DBV Technologies ( DBVT ) and ERYTECH Pharma ( ERYP ), which rose 8.5% and 5.2% respectively. They were followed by pharmaceutical firm Sanofi ( SNY ) and kidney dialysis company Fresenius Medical Care ( FMS ), which were up 1.3% and 1.2%.

The decliners in continental Europe were led by financial services firm ING Groep ( ING ) and biotech company Zealand Pharma (ZEAL), which fell 4% and 3.2% respectively. Also slumping was financial services provider Credit Suisse (CS), which was off 2%.

In the UK and Ireland, the gainers were led by specialty pharmaceutical company Midatech Pharma (MTP), which surged 17.3%, followed by Trinity Biotech (TRIB), telecommunications operator Vodafone Group (VOD), and biopharmaceutical firm Amarin (AMRN), which were up 4.4%, 2.9%, and 2.8% respectively.

The decliners in the UK and Ireland were led by biopharmaceutical company Motif Bio (MTFB) and Royal Bank of Scotland (RBS), which fell 3.4% and 2.6% respectively. They were followed by educational publisher Pearson (PSO) and biopharmaceutical company Verona Pharma (VRNA), which dropped 1.7% and 0.7%.

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: DBVT , ERYP , SNY , FMS , ING




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