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European ADRs Move Lower in Thursday Trading


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American depositary receipts of European stocks were trading 0.45% lower at 139.62 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by biopharmaceutical firm Forward Pharma ( FWP ), and online dating site operator Spark Networks ( LOV ), which rose 2.2% and 1.1% respectively. They were followed by brewing company AB InBev ( BUD ), and semiconductor company STMicroelectronics ( STM ), which were up 1% and 0.7%,

The decliners in continental Europe were led by Deutsche Bank ( DB ), and biotech firm Zealand Pharma (ZEAL), which lost 6.4% and 6.1% respectively. They were followed by geophysical equipment company CGG (CGG), and marketing company Criteo (CRTO), which were down 5.8% and 2.4%.

In the UK and Ireland, the gainers were led by medical equipment company Smith & Nephew (SNN), and Diageo (DEO), a producer of spirits and beer, which rose 2.1% and 1.5% respectively. They were followed by consumer goods company British American Tobacco (BTI), and biopharmaceutical company Verona Pharma (VRNA), which increased 1% and 0.7%.

The decliners in the UK and Ireland were led by mining company BHP Billiton (BBL), and insurance firm Prudential (PUK), which have lost 2.8% and 2.1% respectively. They were followed by oil company BP (BP), and airline operator Ryanair (RYAAY), which shed 2.1% and 1.9%.

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: FWP , LOV , BUD , STM , DB



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