Markets

European ADRs Move Higher in Monday Trading

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American depositary receipts of European stocks were trading 0.10% higher at 129.07 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 ), which surged 24.7%. Printer maker voxeljet ( VJET ) and semiconductor company STMicroelectronics ( STM ) climbed 3.2% and 2.9% respectively.

The decliners in continental Europe were led by telecommunications company Ericsson ( ERIC ) and network infrastructure provider Nokia ( NOK ), which fell 2.2% and 1.2% respectively. They were followed by oil and gas company TOTAL (TOT) and hotel booking site Trivago (TRVG), which were down 0.7% and 0.6%.

In the UK and Ireland, the gainers were led by specialty pharmaceutical company Midatech Pharma (MTP) and gene therapy company Nightstar (NITE), which rose 6% and 5.7% respectively. They were followed by insurance firm Prudential (PUK) and software company Endava (DAVA), which were up 3% and 2.9%.

The decliners in the UK and Ireland were led by biopharmaceutical company Motif Bio (MTFB) and Trinity Biotech (TRIB), which fell 6.5% and 6.2% respectively. They were followed by educational media company Pearson (PSO) and consumer goods company Unilever (UL), which were off 5.5% and 1.3%.

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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