American depository receipts of European stocks were trading 1.4% lower at 124.49 on the Bank of New York Mellon Europe ADR Index on Monday morning. This represents a two-year low.
Decliners in Continental Europe were led by steel and mining company ArcelorMittal ( MT ), 7.0% lower, followed by National Bank of Greece ( NBG ), down by 6.6% and oil and gas production company Total ( TOT ), 3.2% lower.
Gainers in Continental Europe were led by Italian furniture designer Natuzzi (NTZ), 5.1% higher, followed by Edap (EDAP), a medical device designer, up by 3.9%, and three-dimensional printer manufacturer Voxeljet AG (VJET), 2.5% higher.
And, in the UK, electricity and gas utility company National Grid (NGG) and pharmaceutical company Adaptimmune Therapeutics (ADAP) both edged up by 1.0% while materials technology company Luxfer (LXFR) rose by 0.4%.
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