European ADRs Edge Lower

American depository receipts of European stocks were 1.1% lower at 121.78 on the Bank of New York Mellon Europe ADR Index on Monday morning.

Decliners in Continental Europe were led by Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, 4.7% lower, followed by Ascendis Pharma (ASND), a Danish clinical-stage biopharmaceutical company, down by 4.1% and VimpelCom – Com (VIP), a Dutch provider of telecommunications services, and Telecom Italia (TI), an Italian telecommunications company, both 3.0% lower.

In the UK, Amec Foster Wheeler (AMFW), a global engineering conglomerate, was 3.5% lower, followed by Amarin (AMRN), a biopharmaceutical company, and Barclays Bank (BCS), 3.4% and 3.1% lower, respectively.

Gainers in Continental Europe were led by Oasmia Pharmaceutical (OASM), a Sweden-based pharmaceutical company, 4.0% higher, followed by voxeljet (VJET), a German three-dimensional printer manufacturer, 1.9% higher and Trivago (TRVG), an online hotel search platform, up by 0.6%. RELX (RENX), a provider of information and analytics, was 0.2% higher.

By Brianna Stevens