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STM

European ADRs Move Higher in Wednesday Trading

American depositary receipts of European stocks were trading 0.72% higher at 123.11 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, the gainers were led by internet browser company Opera ( OPRA ) and semiconductor company STMicroelectronics ( STM ), which climbed 9.2% and 5.9% respectively. They were followed by kidney dialysis company Fresenius Medical Care ( FMS ) and ASML ( ASML ), which rose 4.2% and 3.9%.

The decliners in continental Europe were led by software firm Talend ( TLND ), which tumbled 10.1%, followed by pharmaceutical company Oasmia Pharmaceutical (OASM) and hotel booking site Trivago (TRVG), which dropped 5.9% and 1.6%.

In the UK and Ireland, the gainers were led by biopharmaceutical firms Verona Pharma (VRNA) and GW Pharmaceuticals (GWPH), which rose 8.5% and 3.7% respectively. They were followed by specialty pharmaceutical company Midatech Pharma (MTP) and construction materials supplier CRH (CRH), which were up 3.4% and 2.6%.

The decliners in the UK and Ireland were led by telecommunications operator Vodafone Group (VOD) and Royal Bank of Scotland (RBS), which fell 1.6% and 1.2% respectively. They were followed by beverage company Diageo (DEO) and pharmaceutical firm Avadel (AVDL), which were down 0.8% and 0.3%.

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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