Markets

European ADRs Move Higher in Wednesday Trading

American depositary receipts of European stocks were trading 0.07% higher at 1,062.97 on the BNY Mellon Europe Select ADR Index on Wednesday.

In continental Europe, the gainers were led by ERYTECH Pharma (ERYP) and pan-African e-commerce platform Jumia Technologies (JMIA), which rose 6.7% and 6.6% respectively. They were followed by telecommunications company Ericsson (ERIC) and automation company ABB (ABB), which were up 5.9% and 5.4%.

The decliners in continental Europe were led by medical equipment company Edap (EDAP) and biopharmaceutical firm argenx (ARGX), which fell 7.8% and 3% respectively. They were followed by kidney dialysis company Fresenius Medical Care (FMS) and biopharmaceutical company Genfit (GNFT), which were down 2.1% and 1.6%.

In the UK and Ireland, the gainers were led by airline operator Ryanair (RYAAY) and public relations firm WPP (WPP), which rose 1.9% and 1.8% respectively. They were followed by insurance firm Prudential (PUK) and Trinity Biotech (TRIB), which were up 1.6% and 0.9%.

The decliners in the UK and Ireland were led by specialty pharmaceuticals company Motif Bio (MTFB) and pharmaceutical company Avadel (AVDL), which lost 5.1% and 4.8% respectively. They were followed by biopharmaceutical comapnies Amarin (AMRN) and Adaptimmune Therapeutics (ADAP), which were off 3.1% and 2.1%.

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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