Markets

European ADRs Move Higher in Monday Trading

American depositary receipts of European stocks were trading 0.52% higher at 133.74 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by pharmaceutical firm Oasmia Pharmaceutical ( OASM ), and telecommunications provider Telecom Italia ( TI ), which climbed 13.5% and 5.4% respectively. They were followed by banks Banco Bilbao Vizcaya Argentaria ( BBVA ), and Banco Santander ( SAN ), which were up 2.1% and 2.0%.

The decliners in continental Europe were led by furniture maker Natuzzi ( NTZ ), and biotech firm Forward Pharma (FWP), which fell 5.1% and 6.5% respectively. They were followed by medical equipment company Edap (EDAP), and internet browser company Opera (OPRA), which were down 2.8% and 2.5%.

In the UK and Ireland, the gainers were led by communications group WPP (WPP), and Royal Bank of Scotland (RBS), which rose 3.2% and 2.0% respectively. They were followed by telecommunications operator BT Group (BT), and publishing company Pearson (PSO), which were up 1.6% and 0.9%.

The decliners in the U.K. and Ireland were led by gene therapy company Nightstar (NITE), and alcoholic beverage company Diageo (DEO), which lost 1.6% and 0.8% respectively. They were followed by biopharmaceutical company Adaptimmune Therapeutics (ADAP), and analytics provider RELX PLC (RELX), which lost 0.4% and 0.2%.

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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