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.

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This article appears in: Investing , Stocks
Referenced Symbols: OASM , ZEAL , STM , PHG , LOV

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