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European ADRs Move Lower in Wednesday Trading


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American depositary receipts of European stocks were trading 0.10% lower at 1,058.86 on the BNY Mellon Europe Select ADR Index on Wednesday.

In continental Europe, the gainers were led by software firm SAP ( SAP ) and pan-African e-commerce platform Jumia Technologies ( JMIA ), which climbed 11% and 5.4% respectively. They were followed by biopharmaceutical firm DBV Technologies ( DBVT ) and 3D printer maker voxeljet ( VJET ), which were up 4.2% and 4%.

The decliners in continental Europe were led by furniture maker Natuzzi ( NTZ ) and internet browser company Opera (OPRA), which were down 4.5% and 2.6% respectively. They were followed by telecommunications operator Telecom Italia (TI) and oil and gas company Total (TOT), which lost 2.4% and 2.3%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL) and biotech firm Autolus Therapeutics (AUTL), which rose 5.3% and 3.1% respectively. They were followed by natural gas distributor National Grid (NGG) and analytics and information provider RELX PLC (RELX), which were up 1.2% and 0.8%.

The decliners in the UK and Ireland were led by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and mining company BHP Billiton (BBL), which fell 3.6% and 2% respectively. They were followed by mining company Rio Tinto (RIO) and biopharmaceutical firm GW Pharmaceuticals (GWPH), which dropped 1.8% and 1.6%.

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: SAP , JMIA , DBVT , VJET , NTZ



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