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European ADRs Edge Down as Mining Stocks Slide

American depository receipts of European stocks were trading 0.2% lower at 142.99 on the Bank of New York Mellon Europe ADR Index on Thursday.

Decliners in Continental Europe were led by Spanish bank Banco Santander ( SAN ), 3.5% lower, followed by performance- based online display advertising provider Criteo ( CRTO ), down 2.0% and network infrastructure company Nokia ( NOK ), trading 1.4% lower.

In the UK, health care group Shire ( SHPG ) contracted 2.7% while oil and gas company Royal Dutch Shell - B Shares (RDS.B) slid 2.3% one day after the company announced a deal to take over British oil company BG Group for approximately 47 billion pounds (about $70 billion).

Diversified mining company BHP Billiton ( BBL ) also fell 2.1% while high street bank Royal Bank of Scotland was also 1.8% lower.

Gainers Continental Europe were led by National Bank of Greece (NBG), up 4.7% after multiple news agencies reported that the Greek government had repaid a loan installment due to the International Monetary Fund on Thursday.

Pharmaceutical company Flamel Technologies (FLML) gained 2.2% and DBV Technologies (DBVT), a French company which develops products for the diagnosis and treatment of food allergies, was trading 2.2% higher. Grifols (GRFS), a pharmaceutical and chemical company, was also trading 1.1% higher.

In the UK, high street bank HSBC (HSBC) expanded by 1.6%, building materials company CRH (CRH) rose 1.5%, media and education company Pearson (PSO) gained 1.4% and hotel chain InterContinental Hotels (IHG) lifted by 1.1%

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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