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European ADRs Move Higher in Wednesday Trading


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American depositary receipts of European stocks were trading 0.06% higher at 138.79 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by semiconductor company STMicroelectronics ( STM ), and telecommunications operator Ericsson ( ERIC ), which rose 4.1% and 3.9% respectively. They were followed by network infrastructure operator Nokia ( NOK ), and 3D printer company Materialise ( MTLS ), which were up 2.5% each.

The decliners in continental Europe included pharmaceutical company Oasmia Pharmaceutical ( OASM ), and biopharmaceutical company Forward Pharma (FWP), which fell 3.0% and 5.7% respectively. They were followed by telecommunications providers Telecom Italia (TI), and Telefonica (TEF), which were off 1.0% and 0.4%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL), and biopharmaceutical firm NuCana (NCNA), which rose 3.9% and 2.5% respectively. They were followed by gene therapy company Nightstar (NITE), and Trinity Biotech (TRIB), which climbed 1.9% and 1.8%.

The decliners in the UK and Ireland were led by telecommunications firm Vodafone Group (VOD), and building materials supplier CRH (CRH), which dropped 1.6% and 1% respectively. They were followed by Royal Bank of Scotland (RBS), and communications group WPP (WPP), which lost 0.4% and 0.6%.

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: STM , ERIC , NOK , MTLS , OASM



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