European ADRs Move Higher in Tuesday Trading

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American depositary receipts of European stocks were trading 0.43% higher at 120.25 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by 3D printer company Materialise ( MTLS ) and pharmaceutical firm Oasmia Pharmaceutical ( OASM ), which surged 10.8% and 7.3% respectively. They were followed in part by semiconductor company STMicroelectronics ( STM ), which was up 3.8%.

The decliners in continental Europe were led by furniture maker Natuzzi ( NTZ ) and internet browser company Opera ( OPRA ), which fell 4.7% and 1.6% respectively. They were followed by Spanish telecommunications operator Telefonica (TEF) and health care company Novo Nordisk (NVO), which were off 1% and 0.5%.

In the UK and Ireland, the gainers were led by biopharmaceutical firm NuCana (NCNA) and airplane leasing company Fly Leasing (FLY), which rose 4% and 3.7% respectively. They were followed by biopharmaceutical company Adaptimmune Therapeutics (ADAP) and pharmaceutical company Avadel (AVDL), which were up 2.7% and 2.2%.

The decliners in the UK and Ireland were led by biopharmaceutical company Verona Pharma (VRNA) and natural gas distributor National Grid (NGG), which fell 10.7% and 6.1% respectively. They were followed by biopharmaceutical company Akari Therapeutics (AKTX) and biotech company Shire (SHPG), which shed 5.7% and 2%.

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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