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European ADRs Move Higher in Tuesday Trading

American depositary receipts of European stocks were trading 1.38% higher at 141.61 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by semiconductor company STMicroelectronics ( STM ), and communications services provider VEON Com ( VEON ), which rose 4.4% and 4.3% respectively. They were followed by telecommunications provider Telecom Italia ( TI ), and ASML ( ASML ), a manufacturer of chip-making equipment, which climbed 4.0% and 3.0%.

The decliners in continental Europe were led by software firm Talend ( TLND ), and 3D printer company voxeljet (VJET), which fell 1.0% and 0.6% respectively. They were followed by biotech firm argenx (ARGX), and geophysical equipment company CGG (CGG), which were down 0.3% and 0.1%.

In the UK and Ireland, the gainers were led by biopharmaceutical firm Amarin (AMRN), and mining company BHP Billiton (BBL), which rose 4.8% and 4.6% respectively. They were followed by pharmaceutical company Avadel (AVDL), and mining company Rio Tinto (RIO), which were up 4.2% and 3.9%.

The only decliners in the UK and Ireland were led electricity and gas utility National Grid (NGG), and consumer goods company Unilever (UL), which were down 1.1% and 0.5% 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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