Markets
PSO

European ADRs Edge Lower as Banks Head South

A generic image of a pair of glasses on top of a calculator
Credit: Shutterstock photo

American depository receipts of European stocks were 0.2% lower at 122.99 on the Bank of New York Mellon Europe ADR Index on Friday morning.

Decliners in Continental Europe were led by Swiss financial services provider Credit Suisse ( CS ), 3.2% lower, followed by Criteo ( CRTO ), a French technology company, down by 2.4% and CGG ( CGG ), a manufacturer of geophysical equipment, 2.3% lower. Telefonaktiebolaget ( ERIC ), a Sweden-based telecommunications operator, was 2.0% lower.

In the UK, education company Pearson ( PSO ) and Lloyds Banking Group (LYG) were both 1.5% lower, while Prudential (PUK) and Barclays Bank (BCS) were both 1.4% lower.

Gainers in Continental Europe were led by TiGenix (TIG), a Belgium-based biopharmaceutical company, 3.9% higher, followed by STMicroelectronics (STM), an Italian semiconductor company, up by 2.3% and voxeljet (VJET), a German three-dimensional printer manufacturer, 2.1% higher. Novo Nordisk (NVO), a Danish healthcare company, was also up by 2.1%.

And, in the UK, Midatech Pharma (MTP), an early-stage biopharmaceutical company, was 2.7% higher, followed by Adaptimmune Therapeutics (ADAP), a clinical-stage biopharmaceutical company, up by 1.9% and Smith & Nephew (SNN), a medical devices business, trading 1.3% higher. Unilever (UL), a Dutch consumer goods company, was up 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.

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

PSO CS CRTO ERIC

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