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European ADRs Move Higher in Wednesday Trading


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American depositary receipts of European stocks were trading 0.23% higher at 127.86 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by financial services firm ING Groep ( ING ) and online dating site operator Spark Networks ( LOV ), which rose 6% and 5.5% respectively. They were followed by semiconductor companies STMicroelectronics ( STM ) and ASML ( ASML ), which were up 4.5% and 2.6%.

The decliners in continental Europe were led by hotel booking site Trivago ( TRVG ) and pharmaceutical firm Sanofi (SNY), which dropped 5.1% and 0.8% respectively. They were followed by biotech company Ascendis Pharma (ASND) and bank Banco Bilbao Vizcaya Argentaria (BBVA), which were off 0.6% each.

In the UK and Ireland, the gainers were led by pharmaceutical company GlaxoSmithKline (GSK) and construction materials supplier CRH (CRH), which rose 2.7% and 2% respectively. They were followed by Trinity Biotech (TRIB) and telecommunications operator Vodafone Group (VOD), which were up 1.6% each.

The decliners in the UK and Ireland were led by biopharmaceutical firms Verona Pharma (VRNA), GW Pharmaceuticals (GWPH), and NuCana (NCNA), which fell 3.2%, 1.9%, and 1.3% respectively. They were followed by consumer goods company Unilever plc (UL), which was down 1%.

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: ING , LOV , STM , ASML , TRVG



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