European ADRs Slightly Higher

American depository receipts of European stocks were 0.1% higher at 126.93 on the Bank of New York Mellon Europe ADR Index on Monday morning. Gainers in Continental Europe were led by Telefonaktiebolaget LM Ericsson (ERIC), a telecommunications services provider, up by 2.4%, followed by Edap (EDAP), a French medical devices developer, up by 2.0% and Nokia (NOK), a technology investor, 1.9% higher. Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, was also 1.9% higher.

In the UK, pharmaceutical companies AstraZeneca (AZN), Trinity Biotech (TRIB) and Shire (SHPG) were all 1.3% higher followed by low-cost airline Ryanair (RYAAY), up by 1.0%.

Decliners in Continental Europe were led by Talend (TLND), a provider of open source integration solutions, down by 2.7%, followed by Forward Pharma (FWP), a Danish biopharmaceutical company, 2.6% lower and voxelJet (VJET), a German three-dimensional printer manufacturer, down by 2.5%. STMicroelectronics – New York Shares (STM), an Italian semiconductor company, was 1.9% lower.

By Bryan Smith