Depository receipts of European stocks contracted slightly during Wednesday's morning trading session, dragged down by declines in mining companies and a decline in global oil prices .
The Bank of New York Mellon Europe ADR Index opened modestly positive but was down 0.10% to 149.07 before midday.
Global oil prices hit fresh nine-month lows on Wednesday in spite of speculation that tensions in Ukraine could spark an increase in prices. The Intercontinental Exchange's reading for Brent Crude futures contract for September was $103.22 near 10:30 a.m. ET.
Metal mining company Rio Tinto (RIO) led the decliners during the morning session, falling 3.50% and oil and gas producer Royal Dutch Shell-A-Shares (RDS.A) contracted by 1.01%.
Media provider Pearson (PSO) also slid 2.56% and telecommunications company Alcatel Lucent (ALU) was down by 2.15%.
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