Financial News

European ADRs Trading Lower

European ADRs Trading Lower

May 11, 2017 at 11:39 am 0 comments

American depository receipts of European stocks were 0.8% lower at 132.43 on the Bank of New York Mellon Europe ADR Index on Thursday morning. Decliners in Continental Europe were led by Spanish telecommunication company Telefonica (TEF), 4.3% lower after reporting first-quarter earnings, which showed an overall increase in revenue despite sales contractions in its Spanish, German and UK businesses duringRead More