Oil, techs weigh on European ADRs

By Christopher Noble, CBS MarketWatch.com

SAN FRANCISCO (CBS.MW) -- U.S.-listed shares of European companies fell Thursday, as a warning from household appliance maker AB Electrolux and higher oil prices triggered weakness in oil sensitive stocks and some technology shares.

The Bank of New York European ADR Index fell 0.39 points to close at 109.95.

Automakers and airlines were mostly weaker as a new spike in oil prices sank in. The rise in crude oil futures to $49 a barrel weighed on stocks more generally, even hitting some energy shares, which weakened on investor concern about supplies.

Daimler Chrysler dropped 0.9 percent and Fiat SpA fell 0.7 percent. Air France fell 0.7 percent and Ryanair Holdings /zigman2/quotes/208049948/composite RYAOF +1.78% dropped 0.2 percent, but British Airways /zigman2/quotes/210123207/composite BAB +0.12% edged 0.1 percent higher.

Energy companies Shell Transport and Trading /zigman2/quotes/204824159/composite SC +0.02% , Royal Dutch/Shell , BG Group /zigman2/quotes/200511930/composite BRG -2.68% and BP Plc /zigman2/quotes/207305210/composite BP +1.61% were the biggest decliners. Stolt Offshore , Technip and Smedvig A.S. gained.

Home furnishing stocks fell after AB Electrolux warned that higher steel prices would hurt its profit. Electrolux fell 7.6 percent and Waterford Wedgwood fell 3.4 percent.

Enodis Plc. /zigman2/quotes/200321864/composite ENO -0.04% climbed 2.2 percent and Natuzzi SpA /zigman2/quotes/206283720/composite NTZ +1.41% rose 2.2 percent.

Software and communications technology shares weakened while telecommunications shares were higher.

/zigman2/quotes/208049948/composite

Add to watchlist RYAOF

Ryanair Holdings PLC

US : U.S.: OTC

$ 20.00

+0.35 +1.78%

Volume: 100.00

Sept. 20, 2021 9:33a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$22.07 billion

Rev. per Employee

$126,941

/zigman2/quotes/210123207/composite

Add to watchlist BAB

Invesco Taxable Municipal Bond ETF

US : U.S.: NYSE Arca

$ 33.57

+0.04 +0.12%

Volume: 165,006

Sept. 21, 2021 4:10p

/zigman2/quotes/204824159/composite

Add to watchlist SC

Santander Consumer USA Holdings Inc.

US : U.S.: NYSE

$ 41.42

+0.01 +0.02%

Volume: 883,187

Sept. 21, 2021 4:00p

P/E Ratio

4.52

Dividend Yield

2.12%

Market Cap

$12.68 billion

Rev. per Employee

$1.51M

/zigman2/quotes/200511930/composite

Add to watchlist BRG

Bluerock Residential Growth REIT Inc.

US : U.S.: NYSE American

$ 12.34

-0.34 -2.68%

Volume: 300,653

Sept. 21, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

5.27%

Market Cap

$415.87 million

Rev. per Employee

N/A

/zigman2/quotes/207305210/composite

Add to watchlist BP

BP PLC ADR

US : U.S.: NYSE

$ 25.23

+0.40 +1.61%

Volume: 12.69M

Sept. 21, 2021 4:00p

P/E Ratio

9.86

Dividend Yield

4.97%

Market Cap

$82.90 billion

Rev. per Employee

$2.84M

/zigman2/quotes/200321864/composite

Add to watchlist ENO

Entergy New Orleans LLC 5.5% Bonds Due 1/1/2066

US : U.S.: NYSE

$ 25.60

-0.01 -0.04%

Volume: 9,717

Sept. 21, 2021 3:46p

P/E Ratio

N/A

Dividend Yield

5.37%

Market Cap

N/A

Rev. per Employee

N/A

/zigman2/quotes/206283720/composite

Add to watchlist NTZ

Natuzzi S.p.A. ADR

US : U.S.: NYSE

$ 18.00

+0.25 +1.41%

Volume: 11,557

Sept. 21, 2021 4:10p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$194.73 million

Rev. per Employee

$86,126