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European ADRs Move Higher in Wednesday Trading


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American depositaEry receipts of European stocks were trading 0.37% higher at 135.65 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by oil and gas companies Eni (E ) and Total ( TOT ), which rose 2.3% and 1.9% respectively. They were followed by semiconductor company STMicroelectronics ( STM ), and Logitech ( LOGI ), a provider of personal computer and mobile accessories, which were up 1.4% and 1.1% .

The decliners in continental Europe were led by biotech firm ERYTECH Pharma ( ERYP ), and biopharmaceutical firm Forward Pharma ( FWP ), which lost 5.5% and 1.1% respectively. They were followed by healthcare company Novo Nordisk (NVO), and investment bank ING Groep (ING), which were down 0.8% and 0.5%.

In the UK and Ireland, the gainers were led by oil company BP (BP), and pharmaceutical firm Avadel (AVDL), which climbed 2.5% and 1.5% respectively. They were followed by mining companies BHP Billiton (BBL), and Rio Tinto (RIO), which were up 1.3% and 1.0%.

The decliners in the UK and Ireland were led by biopharmaceutical firm GW Pharmaceuticals (GWPH), which lost 4.5%, followed by banks Royal Bank of Scotland (RBS), and Barclays Bank (BCS), which dropped 2% and 1.8% respectively. Telecommunications provider Vodafone Group (VOD) edged 0.1% higher.

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: TOT , STM , LOGI , ERYP , FWP


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