Bank Stocks Help Nudge European Equities Traded in the US as American Depositary Receipts Higher in Monday Trading

Bank stocks were helping European equities traded in the US as American depositary receipts nudge marginally higher late Monday morning, rising 0.047% to 1,409.42 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by financial services company ING (ING) and pharmaceutical company Sanofi (SNY), which rose 2.9% and 1.7% respectively. They were followed by financial services company Banco Santander (SAN) and biopharmaceutical company DBV Technologies (DBVT), which were up 1.5% and 1% respectively.

The decliners from continental Europe were led by biotech firm Evaxion Biotech (EVAX), which tumbled 20.5%, followed by biopharmaceutical company Cellectis (CLLS), which fell 5.8%. They were followed by biotech firm BioNTech (BNTX) and pharmaceutical company Ascendis Pharma (ASND), which were down 2.6% each.

From the UK and Ireland, the gainers were led by biopharmaceutical companies Verona Pharma (VRNA) and Mereo BioPharma Group (MREO), which climbed 10.2% and 4% respectively. They were followed by construction materials supplier CRH (CRH) and financial services company Lloyds Banking Group (LYG), which increased 1.2% and 0.9% respectively.

The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and pharmaceutical company Silence Therapeutics (SLN), which dropped 13.7% and 2% respectively. They were followed by biopharmaceutical companies Akari Therapeutics (AKTX) and NuCana (NCNA), which lost 2.9% and 2% respectively.