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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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: FWP , SQNS , VJET , AEG , STM



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