European ADRs Move Higher

American depository receipts of European stocks were up 0.27% to 122.20 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by steel and mining company ArcelorMittal (MT), and 3D printing software firm Materialise (MTLS), which rose 5.9% and 3.6% respectively. They were followed by health care company Fresenius Medical Care (FMS), and voxeljet (VJET), a manufacturer if 3D printers, which were up 2.4% and 1.7% respectively.

The decliners in continental Europe were led by telecommunications company Orange (ORAN), and bank Banco Bilbao Vizcaya Argentaria (BBVA), which lost 1.4% and 1.2% respectively. They were followed by healthcare company Novo Nordisk (NVO), down 1.1%, and RELX NV (RENX), a provider of information and analytics, off 0.7%.

In the U.K. and Ireland, the gainers were led by mining companies Rio Tinto (RIO) and BHP Billiton (BBL), which rose 5.7% and 5.2% respectively. They were followed by GW Pharmaceuticals (GWPH), a maker of cannabinoid prescription medicines, and telecommunications provider Vodafone Group (VOD), which increased 3.3% and 1.9% respectively.

By Marvin Goff