European ADRs Slide Lower

American depository receipts of European stocks were 0.2% lower at 123.98 on the Bank of New York Mellon Europe ADR Index on Wednesday morning. Decliners in Continental Europe were led by Marine Harvest (MHG), a Norwegian seafood company, 5.0% lower, followed by CGG (CGG), a manufacturer of geophysical equipment, down by 2.7% and Materialise (MTLS), a Belgian provider of 3D printing software and services, 2.3% lower. Oil and gas production company Eni (E) was 1.8% lower.

In the UK, oil and gas production companies BP and the A and B Shares of Royal Dutch Shell (RDS.A and RDS.B) were 2.4%, 2.6% and 2.4% lower, respectively.

Gainers in Continental Europe were led by Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA), 2.4% higher, followed by voxeljet (VJET), a German three-dimensional printer manufacturer, up by 1.9% and Credit Suisse (CS), a Swiss financial services company, up by 1.5%. Ascendis Pharma (ASND), a Danish clinical stage biopharmaceutical company, was 0.9% higher.

By Celina Yao