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European ADRs Edge Higher as Manufacturers Log Gains

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American depository receipts of European stocks were 0.7% higher at 137.55 on the Bank of New York Mellon Europe ADR Index on Monday morning.

Gainers in Continental Europe were led by Oasmia Pharmaceutical ( OASM ), a Sweden-based pharmaceutical company, 14.6% higher, followed by Banco Santander ( SAN ), 3% higher and Logitech ( LOGI ), a Swiss hardware and software products developer, up by 2.9%. Materialise ( MTLS ), a Belgian provider of 3D printing software and services, was 2.7% higher.

In the UK, Akari Therapeutics ( AKTX ), a development-stage biopharmaceutical company, was 12.5% higher, Carnival (CUK), a cruise vacation company, was up by 2.9%, Astrazeneca (AZN), a biopharmaceutical company, was 1.7% higher and Amarin (AMRN), a biopharmaceutical company, was up by 1.6%.

Decliners in Continental Europe were led by Sanofi (SNY), a French healthcare company, down by 1.6%, Ascendis Pharma (ASND), a Danish clinical stage biopharmaceutical company, 1.4% lower, Edap (EDAP), a French medical devices developer, down by 1.3% and Cellectis (CLLS), a French genome engineering company, 1.3% lower.

And, in the UK, Randgold Resources (GOLD), a gold-mining company, was 1.4% lower, Adaptimmune Therapeutics (ADAP), a clinical-stage biopharmaceutical company, was down by 1.0% and Royal Bank of Scotland (RBS) was down by 0.3%. Lloyds Banking Group (LYG) was down by 0.3%.

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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