Markets

European ADRs Move Lower in Thursday Trading

American depositary receipts of European stocks were trading 0.75% lower at 141.22 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by biotech firms Zealand Pharma ( ZEAL ), and MorphoSys ( MOR ), which rose 3.3% and 3.2% respectively. They were followed by medical equipment maker Edap ( EDAP ), and biotech company argenx ( ARGX ), which were up 3.0% and 2.3%.

The decliners in continental Europe were led by insurance firm Aegon ( AEG ), and furniture maker Natuzzi (NTZ), which lost 3.9% and 3.7% respectively. Meanwhile, brewng company AB InBev (BUD), and telecommunications provider Telecom Italia (TI) were off 3.2% and 3.0%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL), which climbed 5.8, and biopharmaceutical firm Adaptimmune Therapeutics (ADAP), which rose 2.9%. They were followed by Royal Bank of Scotland (RBS), and communications group WPP (WPP), which rose 2.0% and 1.6%.

The decliners in the UK and Ireland were led by telecommunications provider BT Group (BT), and mining company Randgold Resources (GOLD), which dropped 9.0% and 6.6% respectively. They were followed by biopharmaceutical company Amarin (AMRN), and building materials supplier CRH (CRH), which shed 1.3% and 1.0%.

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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