European ADRs Edge Lower

American depository receipts of European stocks were 0.3% lower at 123.66 on the Bank of New York Mellon Europe ADR Index on Thursday morning.

Decliners in Continental Europe were led by Unilever – New York Shares (UN), a Dutch consumer goods company, 4.9% lower, followed by Talend (TLND), a provider of open source integration solutions, down by 3.0%, and Marine Harvest (MHG), a Norwegian seafood company, 2.8% lower. Cellectis (CLLS), a French genome engineering company, was 2.6% lower.

In the UK, gold mining company Randgold Resources (GOLD) was down by 2.9% and Adaptimmune Therapeutics (ADAP), a clinical-stage biopharmaceutical company, was down by 2.8% and miner Rio Tinto (RIO) was 1.9% lower.

Gainers in Continental Europe were led by STMicroelectronics – New York Shares (STM), an Italian semiconductor company, up by 7.6%, followed by Edap (EDAP), a French medical devices developer, 5% higher, TiGenix (TIG), a Belgium-based biopharmaceutical company, up by 3.8% and Oasmia Pharmaceutical (OASM), a Sweden-based pharmaceutical company, up by 3.7%.

By Kristin Senesi