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European ADRs Edge Lower as Miners Contract

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American depository receipts of European stocks were 0.3% lower at 123.66 on the Bank of New York Mellon Europe ADR Index on Thursday morning.

Decliners in Continental Europe were led by Unilever - New York Shares ( UN ), a Dutch consumer goods company, 4.9% lower, followed by Talend ( TLND ), a provider of open source integration solutions, down by 3.0%, and Marine Harvest ( MHG ), a Norwegian seafood company, 2.8% lower. Cellectis ( CLLS ), a French genome engineering company, was 2.6% lower.

In the UK, gold mining company Randgold Resources ( GOLD ) was down by 2.9% and Adaptimmune Therapeutics (ADAP), a clinical-stage biopharmaceutical company, was down by 2.8% and miner Rio Tinto (RIO) was 1.9% lower.

Gainers in Continental Europe were led by STMicroelectronics - New York Shares (STM), an Italian semiconductor company, up by 7.6%, followed by Edap (EDAP), a French medical devices developer, 5% higher, TiGenix (TIG), a Belgium-based biopharmaceutical company, up by 3.8% and Oasmia Pharmaceutical (OASM), a Sweden-based pharmaceutical company, up by 3.7%.

And, in the UK, Diageo (DEO), an alcoholic beverages company, was 2.4% higher, followed by Amec Foster Wheeler (AMFW), a global engineering conglomerate, up by 2.1% and Carnival (CUK), a cruise vacation company, up by 2.1% and Royal Bank of Scotland (RBS), 1.7% 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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