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European ADRs Move Higher in Friday Trading

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American depositary receipts of European stocks were trading 0.21% higher at 142.58 on the Bank of New York Mellon Europe ADR Index on Friday.

In continental Europe, the gainers were led by geophysical equipment company CGG ( CGG ), and furniture maker Natuzzi ( NTZ ), which rose 3.6% and 3.2% respectively. They were followed by financial services firm Credit Suisse ( CS ), and semiconductor company Sequans Communications ( SQNS ), which were up 2.0% and 1.8%.

The decliners in continental Europe were led by software firm Talend ( TLND ), and pharmaceutical company Oasmia Pharmaceutical (OASM), which fell 7.3% and 3.6% respectively. They were followed by biotech firm MorphoSys (MOR), and biopharmaceutical company Forward Pharma (FWP), which dropped 2.1% and 1.3%.

In the UK and Ireland, the gainers were led by biopharmaceutical company Midatech Pharma (MTP), and Royal Bank of Scotland (RBS), which climbed 3.5% and 2.8% respectively, followed by mining companies BHP Billiton (BBL), and Rio Tinto (RIO), which rose 2.0% and 1.1%.

The decliners in the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX), which tumbled 14.8%, followed by consumer goods company British American Tobacco (BTI), information and analytics provider RELX PLC (RELX), and medical equipment maker Smith & Nephew (SNN), which were off 0.7%, 0.6%, and 0.2% respectively.

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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