European ADRs Edge Lower

American depository receipts of European stocks were 0.52% lower at 118.50 on the Bank of New York Mellon Europe ADR Index on Thursday morning.

Decliners in Continental Europe were led by Aixtron (AIXG), a German provider of deposition equipment to the semiconductor industry, down by 3.5%, followed by Luxottica (LUX), an Italian eyewear company, 2.3% lower and technology investment company, Nokia (NOK), down by 2.2%. Novartis (NVS), a Swiss company which manufactures healthcare products, was 2.0% lower.

In the UK, Midatech (MTP), an early-stage biopharmaceutical company, and Unilever (UL), a Dutch consumer goods company, were both 1.8% lower, followed by education company Pearson (PSO), down by 1.5%.

Gainers in Continental Europe were led by Materialise (MTLS), a Belgian provider of 3D printing software and services, up by 2.4% and Banco Santander (SAN), a Spanish financial group, up by 2.2%, followed by Banco Bilbao Vizcaya Argentaria (BBVA), a Spanish financial group, 1.5% higher and voxelJet (VJET), a German three-dimensional printer manufacturer, up by 1.4%.