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.

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This article appears in: Investing , Stocks
Referenced Symbols: FWP , LOV , BUD , STM , DB

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