Markets
MT

European ADRs Edge Higher as Manufacturers Advance

American depository receipts of European stocks were 0.3% higher at 122.23 on the Bank of New York Mellon Europe ADR Index on Friday morning.

Gainers in Continental Europe were led by CGG ( CGG ), a manufacturer of geophysical equipment, up by 7%, followed by Advanced Accelerator Applications ( AAAP ), a radiopharmaceutical company, 2.1% higher, followed by Materialise ( MTLS ), a Belgian provider of 3D printing software and services, 1.9% higher. ArcelorMittal ( MT ), a Luxembourg steelmaker, was 1.7% higher.

In the UK, Midatech ( MTP ), an early-stage biopharmaceutical company, was up by 10%, followed by Amec Foster Wheeler (AMFW), a global engineering conglomerate, 5.4% higher and Motif Bio (MTFB), a clinical-stage biopharmaceutical company, up by 2.3%. BT Group (BT), a communications services company, was up by 1.6%.

Decliners in Continental Europe were led by Ascendis Phama (ASND), a Danish clinical stage biopharmaceutical company, 1.5% lower, followed by Forward Pharma (FWP), a Danish biopharmaceutical company, down by 1.3% and Koninklijke Philips Electronics (PHG), a Dutch diversified technology company, 0.7% lower. Talend (TLND), a provider of open source integration solutions, was 0.6% lower.

And, in the UK, AstraZeneca (AZN), a biopharmaceutical company, was 3.4% lower, miner Rio Tinto (RIO), was down by 1.1% and education company Pearson (PSO) was 0.7% lower.

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

MT MTP MTLS

Other Topics

Stocks

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