American depository receipts of European stocks were trading 2.4% lower at 111.39 on the Bank of New York Mellon Europe ADR Index on Wednesday morning.
Decliners in Continental Europe were led by Banco Bilbao Vizcaya Argentaria ( BBVA ), 4.4% lower, followed by ArcelorMittal ( MT ), a Luxembourg steelmaker, 3.7% lower and Novartis ( NVS ), a Swiss company which manufactures healthcare products, down by 3.6%.
In the UK, mining companies Rio Tinto ( RIO ) and BHP Billiton ( BHP ), were 9.1% and 8.4% lower, respectively, while Barclays Bank (BCS), was down by 3.2%. Bloomberg reported Brazilian police have charged six executives of the Samarco joint venture between BHP and Vale (VALE) for alleged negligence in relation to a dam that burst in Nov. and killed at least 17 people.
Gainers in Continental Europe were led by CGG (CGG), a manufacturer of geophysical equipment, 4.8% higher, followed by Advanced Accelorator Applications (AAAP), a radiopharmaceutical company, 4.5% higher and ASM International - New York Shares (ASMI), a supplier of wafer processing equipment, up by 2.4%.
And, in the UK, gold mining company Randgold Resources (GOLD) rose by 1.2% and Luxfer (LXFR), a materials technology company, was 0.8% higher.
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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.
