Markets
SAN

European ADRs Contract Amid Drop in German Investor Confidence, IEA Trims Oil Demand Views

European ADRs contracted 0.09% to 148.70 in early U.S. trade Tuesday after the German investor confidence fell to its lowest level since 2012 and as the International Energy Agency trimmed its demand expectations for oil.

Among the biggest movers were Alcatel Lucent ( ALU ) and ArcelorMittal ( MT ) down 1.52% and 0.65%, respectively.

Statoil ( STO ) was lower 2.24%, Total ( TOT ) fell 1.87%, BP shed 0.51% and Royal Dutch Shell (RDS.A) was down 1.15%.

Banks were most prominent among gainers with Banco Santander ( SAN ), Lloyds Banking Group (LYG) adding 1.04% and 0.91%, respectively. HSBC (HSBC) rose 0.80%, Barclays (BCS) was higher 1.37% and Royal Bank of Scotland Group (RBS) added 1.32%. Swiss banks UBS (UBS) and Credit Suisse (CS) also rose 0.52% and 1.20%, respectively.

National Bank of Greece (NBG) gained the most among the banks, higher 3.61%, while Deutsche Bank (DB) was down just 0.1% following a report that German prosecutors are seeking charges against co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case.

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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SAN TOT MT

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More