Markets

European ADRs Move Lower in Thursday Trading

American depositary receipts of European stocks were trading 0.48% lower at 139.67 on the Bank of New York Mellon Europe ADR Index on Thursday.

In continental Europe, the gainers were led by geophysical equipment company CGG ( CGG ), and Spanish telecommunications provider Telefonica ( TEF ), which rose 3.6% and 3.2% respectively. They were followed by biopharmaceutical firm Biofrontera ( BFRA ), and information and analytics provider RELX NV ( RENX ), which were up 1.5% each.

The decliners in continental Europe were led by network infrastructure provider Nokia ( NOK ), and hotel booking site Trivago (TRVG), which fell 6.4% and 6.3% respectively. They were followed by brewing company AB InBev (BUD), and biopharmaceutical company DBV Technologies (DBVT), which were off 4.8% and 1.4%.

In the UK and Ireland, the gainers were led by consumer goods maker British American Tobacco (BTI), and Autolus Therapeutics (AUTL), which climbed 5.9% and 2.4% respectively. They were followed by pharmaceutical company AstraZeneca (AZN), and medical equipment manufacturer Smith & Nephew (SNN), which increased 2.0% and 1.7%.

The decliners in the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX), and alcoholic beverage company Diageo (DEO), which dropped 2.9% and 2.1% respectively. They were followed by mining company BHP Billiton (BBL), and biopharmaceutical firm Amarin (AMRN), which shed 2.1% and 1.8%.

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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