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European ADRs Richochet Between Gains and Losses as Miners See Mixed Gains

American depository receipts of European stocks were flip-flopping during Friday's morning trading session, sitting 0.1% higher at 134.14 recently on the Bank of New York Mellon Europe ADR Index.

Gainers in Continental Europe were led by ArcelorMittal ( MT ), a steel and mining company, 5.8% higher, followed by Spanish bank Banco Santander ( SAN ), up by 2.2%, and Swiss financial services company Credit Suisse ( CS ), 2.0% higher.

In the UK, gold mining company Randgold Resources ( GOLD ) advanced by 3.0% while metal miner Rio Tinto ( RIO ) gained 2.7% and Amec Foster Wheeler (AMFW), a consultancy, engineering and project management company, rose by 2.2%.

Decliners in Continental Europe were led by Criteo (CRTO), a digital performance marketing company, 5.0% lower, followed by Dutch information solutions company RELX (RENX), down by 2.2%, and cloud networking and ultra-broadband access provider Alcatel-Lucent (ALU), 1.6% lower.

And, in the UK, cruise ship company Carnival (CUK) slid by 2.3% while National Bank of Greece (NBG) fell by 2.1% and building materials company CRH (CRH) edged 1.2% lower.

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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