European ADRs Move Higher in Session

American depositary receipts of European stocks were trading 0.61% higher at 1,046.12 on the BNY Mellon Europe Select ADR Index on Thursday.

In continental Europe, the gainers were led by furniture maker Natuzzi (NTZ) and pharmaceutical company Novartis (NVS), which rose 5% and 3.8% respectively. They were followed by semiconductor company ASML (ASML) and biopharmaceutical Genfit (GNFT), which climbed 3.1% and 2.7%.

The decliners in continental Europe were led by software firm SAP (SAP) and telecommunications company VEON (VEON), which rose 5% and 3.1% respectively. They were followed by biotech firm Zealand Pharma (ZEAL) and software company Talend (TLND), which were up 2.6% and 1.6%.

In the UK and Ireland, the gainers were led by tobacco and consumer goods company British American Tobacco (BTI) and specialty pharmaceutical company Motif Bio (MTFB), which rose 5.7% and 5.6% respectively. They were followed by Royal Bank of Scotland (RBS) and telecommunications operator Vodafone Group (VOD), which were up 1.6% and 1.2%.

The decliners in the UK and Ireland were led by biopharmaceutical company Amarin (AMRN), which fell 5.4%, followed by Trinity Biotech (TRIB), mining company Rio Tinto (RIO) and information and analytics provider RELX PLC (RELX), which were off 1.7%, 1.3%, and 0.9% respectively.

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