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European ADRs Move Higher in Tuesday Trading


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American Depository Receipts of European stocks were trading 1.10% higher at 140.17 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical ( OASM ), and biotech firm Zealand Pharma ( ZEAL ), which rose 5.4% and 3% respectively. They were followed by semiconductor company STMicroelectronics ( STM ), and Koninklijke Philips Electronics ( PHG ), which were up 2.8% and 2.5%.

The decliners in continental Europe were led by online dating site operator Spark Networks ( LOV ), and pharmaceutical firm Ascendis Pharma (ASND), which fell 5.9% and 1.6% respectively. They were followed by marketing firm Criteo (CRTO), and ASML (ASML), a manufacturer of chip-making equipment, which were down 0.7% and 0.5%.

In the UK and Ireland, the gainers were led by Trinity Biotech (TRIB), and mining company BHP Billiton (BBL), which climbed 6%, followed by mining company Rio Tinto (RIO), and Royal Bank of Scotland (RBS), which rose 5.8% and 3.4% respectively.

The decliners in the UK and Ireland were led by biopharmaceutical company Verona Pharma (VRNA), and airline operator Ryanair (RYAAY), which dropped 3.8% and 1.6% respectively. They were followed by biopharmaceutical firm Adaptimmune Therapeutics (ADAP), and natural gas distributor National Grid (NGG), which were off 1.4% and 1.3%.

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 , ZEAL , STM , PHG , LOV



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