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European ADRs Edge Lower as Manufacturing Stocks Post Contractions

American depository receipts of European stocks were trading 0.3% lower at 119.89 on the Bank of New York Mellon Europe ADR Index on Friday morning.

Decliners in Continental Europe were led by CGG ( CGG ), a manufacturer of geophysical equipment, 5.6% lower, followed by Aixtron ( AIXG ), a German maker of deposition equipment for the semiconductor industry, down by 4.6% and Advanced Accelerator Applications ( AAAP ), a producer of molecular nuclear medicine, diagnostic and therapeutic products, also 4.6% lower.

In the UK, Amarin ( AMRN ), a biopharmaceutical company, was 4.2% lower, followed by telecommunication company BT Group ( BT ), 2.2% lower and Akari Therapeutics (AKTX), a development-stage biopharmaceutical company, trading 1.8% lower.

Gainers in Continental Europe were led by Cellectis (CLLS), a French genome engineering company, 10.6% higher, followed by Spanish bank Banco Bibao Vizcaya Argentaria (BBVA), up by 1.7% and ING Groep (ING), a Dutch financial services company, trading 1.4% higher.

And, in the UK, gold mining company Randgold Resources (GOLD) was 5.7% higher, followed by Midatech Pharma (MTP), an early-stage biopharmaceutical company, up by 3.8% and mining major BHP Billiton (BBL), trading 1.6% higher.

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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