European ADRs Slightly Lower

American depository receipts of European stocks were 0.1% lower at 129.75 on the Bank of New York Mellon Europe ADR Index on Friday morning. Decliners in Continental Europe were led by Orange (ORAN), a French telecommunication services company, 2.0% lower, followed by Telecom Italia – Savings (TI.A), down by 1.7% and Telecom Italia (TI), down by 1.2%. Sequans Communications (SQNS), a French developer of chipset solutions, was 1.2% lower.

In the UK, clinical-stage biopharmaceutical company Motif Bio Plc – Warrant (MTFBW) and Motif Bio (MTFB) were 10.2% and 3.9% lower, respectively, while Barclays Bank (BCS) was down by 4.8% and Adaptimmune Therapeutics (ADAP), a clinical-stage biopharmaceutical company, was 2.9% lower. Gainers in Continental Europe were led by Trivago (TRVG), an online hotel search platform operator, 10.8% higher, followed by STMicroelectronics – New York Shares (STM), an Italian semiconductor company, up by 2.6% and ArcelorMittal (MT), a Luxembourg steelmaker, 2.2% higher. Ascendis Pharma (ASND), a Danish clinical stage biopharmaceutical company, was up by 2.1%.