European ADRs Lower as Miners, Manufacturers Contract

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American depository receipts of European stocks were 0.18% lower at 118.78 on the Bank of New York Mellon Europe ADR Index on Thursday morning.

Decliners in Continental Europe were led by Aixtron (AIXG), a German provider of deposition equipment to the semiconductor and compound-semiconductor industry, 4.3% lower, followed by ArcelorMittal (MT), a Luxembourg steelmaker, down by 3.5% and CGG (CGG), a manufacturer of geophysical equipment, 3.4% lower. Cellectis (CLLS), a French genome engineering company, was 2.0% lower.

In the UK, miners Randgold Resources (GOLD), Rio Tinto (RIO) and BHP Billiton (BBL) were 3.8%, 3.6% and 2.9% lower, respectively. Unilever (UL), a Dutch consumer goods company, was 1.8% lower.

Gainers in Continental Europe were led by Grifols (GRFS), a Spanish company engaged in the healthcare sector, 5.5% higher, followed by Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, up by 3.1% and Telecom Italia (TI), an Italian company engaged in the communications sector, 3.0% higher. Telefonaktiebolaget LM Ericcson (ERIC), a Sweden-based telecommunications operator, was 2.4% higher.

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