Markets

European ADRs Edge Down as Miners See Contractions

American depository receipts of European stocks were trading 0.1% lower at 145.79 on the Bank of New York Mellon Europe ADR Index on Monday.

Decliners in Continental Europe were led by three-dimensional printer manufacturer voxeljet ( VJET ), 4.7% lower, followed by National Bank of Greece ( NBG ), down 4.0% after Greek banks re-opened for the first time in three weeks. Pharmaceutical company Flamel Technologies ( FLML ) was down by 3.4%.

In the UK, gold mining company Randgold Resources ( GOLD ) edged 4.8% lower while British American Tobacco ( BTI ) fell 0.9% and oil and gas production company Royal Dutch Shell - A Shares (RDS.A) contracted by 0.8%.

Gainers in Continental Europe were led by Spanish multinational Grifols, 1.9% higher, followed by telecommunication company Telefonaktiebolaget LM Ericcson, 1.7% higher and technology company SAP (SAP), up 1.0%

In the UK, pharmaceutical company Adaptimmune Therapeutics (ADAP) expanded by 0.8% while high street bank HSCB (HSBC) rose by 0.5% and Fly Leasing (FLY), a lessor of commercial jet aircraft, edged up by the same amount.

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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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