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James Hardie Leads European ADR Decliners as Region's Markets Retreat Before ECB Meeting

James Hardie Industries Plc ( JHX ) led declines among American depositary receipts of European companies as the region's markets retreated ahead of the European Central Bank's monetary policy announcement on Thursday.

The Bank of New York Mellon Europe ADR Index fell 0.4%, compared with a 0.2% decline for the S&P 500 Stock Index. Decliners led advancers 66 to 35.

James Hardie, an Irish maker of construction materials, fell 2.2% to $65.93 per ADR, continuing a slide from a two-month high of $68.22 reached on May 29.

Other decliners included National Grid ( NGG ) -2.1%, Coca-Cola HBC AG ( CCH ) -2.1% and Alcatel-Lucent ( ALU ) -1.8%.

Advancers included Mechel OAO ( MTL ) +3.1%, CSR Plc (CSRE) +3.1% and Criteo SA (CRTO) +3%.

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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