10 European ADRs Leading Sell-Off (MT, BHP, DB, FTE, PHG, ERIC, NOK, NBG, SI, TI, UBS)

Today’s selling is actually based on weak Chinese manufacturing data rather than any direct E.U. woes.  We have focused on mostly European ADRs this morning for the big movers and shakers, or movers and quakers, because they are still trading overseas at this point on the clock.  Greece has agreed to more immediate austerity measures although central bank warnings are not adding much great support this morning as well.  These are the ADRs of mostly European companies which have traded this morning and are leading the markets lower:

Arcelor Mittal (NYSE: MT) -6% at $15.48… Shares down 6.8% in local markets.

BHP Billiton Ltd. (NYSE: BHP) -5.2% at $68.23… Shares down 7% in U.K. (although Australia based).

Deutsche Bank AG (NYSE: DB) -2.8% at $30.38… Shares down 5.6% in local markets.

France Telecom (NYSE: FTE) -4% at $15.28… Shares down 4.4% in local markets.

Koninklijke Philips Electronics NV (NYSE: PHG) -4.3% at $16.85.

LM Ericsson Telephone Co. (NASDAQ: ERIC) -4% at $9.68 and Nokia Corporation (NYSE: NOK) -4.5% at $5.32.

National Bank of Greece SA (NYSE: NBG) -6.45% at $0.87.

Siemens AG (NYSE: SI) -3.4% at $88.90… Shares down 4.7% in local markets.

Telecom Italia SpA (NYSE: TI) -4.7% at $10.01… … Shares down 5% in local markets.

UBS AG (NYSE: UBS) -2.5% at $10.70… Shares down 5.6% in local markets.

iShares FTSE China 25 Index Fund (NYSE: FXI) is the ETF which tracks China, where the negative manufacturing news acted as the blood-letting instrument today.  The ETF is indicated down 3.8% at $32.38.


Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.