American depository receipts of European stocks were trading 1.2% lower at 125.40 on the Bank of New York Mellon Europe ADR Index on Friday morning.
Decliners in Continental Europe were led by Luxembourg steelmaker ArcelorMittal ( MT ), 3.8% lower, followed by Syngenta ( SYT ), a Swiss agribusiness operating in the crop and garden markets, down by 2.9%, and VimpelCom - Com ( VIP ), a Dutch provider of telecommunications services, 2.5% lower.
Gainers in Continental Europe were led by Sequans Communications (SQNS), a French developer of chipset solutions, 1.1% higher, followed by Ascendis Pharma (ASND), a Danish clinical stage biopharmaceutical company, up by 0.9%, and Aixtron (AIXG), a German provider of deposition equipment to the semiconductor and compound-semiconductor industry, trading 0.5% higher.
And, in the UK, National Grid (NGG), an electricity and gas utility company gained 0.6% while Randgold Resources (GOLD), a gold mining company, was 0.1% higher.
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