Markets

European ADRs Move Higher in Tuesday Trading

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American depository receipts of European stocks are trading 0.79% higher at 130.16 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by biopharmaceutical company DBV Technologies S.A. ( DBVT ) and genome engineering firm Cellectis ( CLLS ), which rose 3.8% and 3.6% respectively. They were followed by semiconductor company STMicroelectronics ( STM ), higher 3.4%, and Logitech ( LOGI ), a maker of personal computer and mobile accessories, up 3.3%.

The decliners in continental Europe were led by Ericsson ( ERIC ), a provider of infrastructure, services and software to the telecommunication industry, and furniture maker Natuzzi (NTZ), which fell 1.3% and 1.2% respectively. They were followed by voxeljet (VJET), a manufacturer of industrial 3D printing systems, down 1%, and oil and gas company Eni (E), off 0.25%.

In the U.K. and Ireland, the gainers were led by biopharmaceutical companies Motif Bio (MTFBF), Trinity Biotech (TRIB) and GW Pharmaceuticals (GWPH), which rose 8.4%, 3.8%, and 2.5%, respectively. They were followed by Barclays Bank (BCS), which was up 1.8%.

The decliners in the U.K. and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX), which fell 1.8%, followed by mining companies Randgold Resources (GOLD) and BHP Billiton (BBL), which dropped 1.7% and 0.6%, respectively. British American Tobacco (BTI) was down 0.4%.

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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