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European ADRs Move Higher in Friday Trading

American depositary receipts of European stocks were trading 1.52% higher at 1,039.84 on the BNY Mellon Europe Select ADR Index on Friday.

In continental Europe, the gainers were led by pharmaceutical company Sanofi (SNY), and semiconductor company Sequans Communications (SQNS), which rose 6% and 2.8% respectively. They were followed by semiconductor company STMicroelectronics (STM), and insurance firm Aegon (AEG), which climbed 2.6% each.

The decliners in continental Europe were led by software firm Talend (TLND), and medical device maker Edap (EDAP), which lost 5.9% and 2.1% respectively. They were followed by dating site operator Spark Networks (LOV), and pharmaceutical company Oasmia Pharmaceutical (OASM), which fell 1.5% and 1.3%.

In the UK and Ireland, the gainers were led by pharmaceutical company Avadel (AVDL), which surged 16.2%, followed by software firm Endava (DAVA), telecommunications operator BT Group (BT), and tobacco and consumer goods company British American Tobacco (BTI), which were up 5.4%, 3.6%, and 3.3% respectively.

The decliners in the UK and Ireland were led by specialty pharmaceutical company Motif Bio (MTFB), which tumbled 14.2%, followed by biotech firms Autolus Therapeutics (AUTL), and GW Pharmaceuticals (GWPH), which were off 3.1% and 0.7% respectively.

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