European ADRs Move Higher in Wednesday Trading

European ADRs Move Higher in Wednesday Trading

American depository receipts of European stocks were trading 0.30% higher at 145.88 on the Bank of New York Mellon Europe ADR Index on Wednesday.

In continental Europe, banks led the gainers as ING Groep ( ING ) and Banco Santander ( SAN ) were up 3.3% and 3% respectively, followed by Deutsche Bank ( DB ), up 1.9%, and Banco Bilbao Vizcaya Argentaria ( BBVA ), up 1.7%.

The decliners in continental Europe were led by geophysical equipment maker CGG ( CGG ), which tumbled 12.3%, followed by software vendor Talend (TLND), which shed 5%. Biotech firm Argenx (ARGX) fell 3.6% and biopharmaceutical company Zealand Pharma (ZEAL) was down 2.9%.

In the UK and Ireland, the gainers were led by Royal Bank of Scotland (RBS), and HSBC (HSBC), which rose 3.9% and 3.2% respectively. They were followed by cruise line operator Carnival (CUK), and insurance company Prudential (PUK), which were up 2.30% each.

The decliners in the UK and Ireland were led by gene therapy company Nightstar (NITE) and commercial goods manufacture Unilever (UL), which lost 3.3% and 2% respectively. They were followed by telecommunications provider Vodafone Group (VOD), and medical equipment maker Smith & Nephew (SNN), which fell 1.9% each.

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