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European ADRs Advance as Miners, Manufacturers Edge Higher

American depository receipts of European stocks were 0.52% higher at 124.01 on the Bank of New York Mellon Europe ADR Index on Monday morning.

Gainers in Continental Europe were led by Trivago ( TRVG ), an operator of an online hotel search platform, up by 13.6%, followed by ArcelorMittal ( MT ), a Luxembourg steelmaker, 11.7% higher and CGG ( CGG ), a manufacturer of geophysical equipment, up by 7.8%. Natuzzi ( NTZ ), an Italian furniture manufacturer, was up by 5.5%.

In the UK, Rio Tinto ( RIO ), a mining company, was 2.3% higher, followed by Royal Bank of Scotland (RBS), up by 2.1%, and BHP Billiton (BBL), also a mining company, up by 1.8%. WPP (WPPGY), an advertising and public relations company, was 1.6% higher.

Decliners in Continental Europe were led by Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, 2.0% lower, followed by Ascendis Pharma (ASND), a Danish clinical stage biopharmaceutical company, down by 1.7%, followed by Talend (TLND), a provider of open source integration solutions, down by 1.2% and Telecom Italia (TI), an Italian telecommunications company, 1.1% lower.

And, in the UK, Vodafone (VOD), a mobile communications company, was 1.2% lower, followed by Midatech Pharma (MTP), an early-stage biopharmaceutical company, down by 1.0% and Randgold Resources (GOLD), a gold-mining company, 0.9% lower. Motif Bio (MTFB), a clinical-stage biopharmaceutical company, was 0.8% lower.

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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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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