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European ADRs Move Lower in Tuesday Trading


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American depositary receipts of European stocks were trading 0.20% lower at 138.02 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by semiconductor company STMicroelectronics ( STM ), and ASML ( ASML ), a manufacturer of chip-making equipment, which rose 4.4% and 2.7% respectively. They were followed by genome engineering firm Cellectis ( CLLS ), and biotech company argenx ( ARGX ), which were up 2.2% and 1.9%.

The decliners in continental Europe were led by financial services firms Credit Suisse ( CS ) and ING Groep (ING), and Deutsche Bank (DB), each of which were down 2%, followed by bank Banco Santander (SAN), which was off 1.8%.

In the UK and Ireland, the gainers were led by biopharmaceutical firm Akari Therapeutics (AKTX), and gene therapy company Nightstar (NITE), which climbed 2.7% and 2.1% respectively. They were followed by mining company Rio Tinto (RIO), and pharmaceutical company Avadel (AVDL), which were up 1.2% and 1.0%.

The decliners in the UK and Ireland were led by Motif Bio (MTFB), and cruise line operator Carnival (CUK), which shed 7.7% and 4.8% respectively. They were followed by communications group WPP (WPP), and Royal Bank of Scotland (RBS), which dropped 3.2% and 2.7%.

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 , ASML , CLLS , ARGX , CS



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