European ADRs Move Lower in Wednesday Trading

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American depositary receipts of European stocks were trading 0.53% lower at 140.36 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by financial services firm Credit Suisse ( CS ), and geophysical equipment company CGG ( CGG ), which rose 5.0% and 2.2% respectively. Also higher were semiconductor company STMicroelectronics ( STM ), and online dating site operator Spark Networks ( LOV ), up 3.9% and 2.5%.

The decliners in continental Europe were led by biopharmaceutical company Biofrontera ( BFRA ), and oil company Statoil (STO), which fell 6.1% and 2.4% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT), and health care company Fresenius Medical Care (FMS), which dropped 2.1% and 1.9% respectively.

In the UK and Ireland, the gainers were led by construction materials supplier CRH (CRH), and educational materials publisher Pearson (PSO), which climbed 2.6% and 1.1% respectively. They were followed by communications company WPP (WPP), and electricity and gas utility National Grid (NGG) which were up 0.6% and 0.4%.

The decliners in the UK and Ireland were led by pharmaceutical company GlaxoSmithKline (GSK), and biotech firm Shire (SHPG), which lost 3.6% and 2.1% respectively. Also losing ground were biopharmaceutical company Amarin (AMRN), and Lloyds Banking Group (LYG), which shed 1.6% and 1.8%.

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: CS , STM , LOV , BFRA

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