European ADRs Edge Lower

American depository receipts of European stocks were 0.2% lower at 122.99 on the Bank of New York Mellon Europe ADR Index on Friday morning.

Decliners in Continental Europe were led by Swiss financial services provider Credit Suisse (CS), 3.2% lower, followed by Criteo (CRTO), a French technology company, down by 2.4% and CGG (CGG), a manufacturer of geophysical equipment, 2.3% lower. Telefonaktiebolaget (ERIC), a Sweden-based telecommunications operator, was 2.0% lower.

In the UK, education company Pearson (PSO) and Lloyds Banking Group (LYG) were both 1.5% lower, while Prudential (PUK) and Barclays Bank (BCS) were both 1.4% lower.

Gainers in Continental Europe were led by TiGenix (TIG), a Belgium-based biopharmaceutical company, 3.9% higher, followed by STMicroelectronics (STM), an Italian semiconductor company, up by 2.3% and voxeljet (VJET), a German three-dimensional printer manufacturer, 2.1% higher. Novo Nordisk (NVO), a Danish healthcare company, was also up by 2.1%.

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