European ADRs Move Lower in Wednesday Trading

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American depositary receipts of European stocks were trading 0.43% lower at 132.76 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by biotech firm Forward Pharma ( FWP ), and semiconductor company Sequans Communications ( SQNS ), which rose 1.8% and 1.2% respectively. They were followed by 3D printer company voxeljet ( VJET ), and insurance, pensions and asset management firm Aegon ( AEG ), which were up 1% and 0.8%.

The decliners in continental Europe were led by semiconductor company STMicroelectronics ( STM ), and hotel booking site Trivago (TRVG), which fell 4.8% and 3.9% respectively. They were followed by internet browser company Opera (OPRA), and biotech company Zealand Pharma (ZEAL), which were off 2.4% and 1.5%.

In the UK and Ireland, the gainers were led by pharmaceutical firm Avadel (AVDL), and Royal Bank of Scotland (RBS), which climbed 2.8% and 2.5% respectively. They were followed by Lloyds Banking Group (LYG), and telecommunications operator Vodafone Group (VOD), which were up 1.8% and 0.7%.

The decliners in the UK and Ireland were led by biopharmaceutical companies Midatech Pharma (MTP), and Akari Therapeutics (AKTX), which lost 7.2% and 5.4% respectively. They were followed by biopharmaceutical firm Amarin (AMRN), and communications group WPP (WPP), which dropped 3% and 2.3%.

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 , SQNS , VJET , AEG , STM

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