European Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading

MT Newswires Live06-17 23:10

European equities traded in the US as American depositary receipts were sharply higher late Wednesday morning, rising 1.28% to 1,926.15 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by lenders Banco Santander (SAN) and Banco Bilbao Vizcaya Argentaria (BBVA), which advanced 2.5% and 2.3% respectively. They were followed by biopharmaceutical firm argenx (ARGX) and biotech firm BioNTech (BNTX), which rose 2.1% and 2% respectively.

The decliners from continental Europe were led by pharmaceutical company Sanofi (SNY) and telecommunications company Nokia (NOK), which dropped 2% and 1.4% respectively. They were followed by software firm SAP (SAP) and telecommunications company Ericsson (ERIC), which were off 1% and 0.8% respectively.

The gainers from the UK were led by Mereo BioPharma Group (MREO) and lender Barclays (BCS), which rose 9% and 3.6% respectively. They were followed by Akari Therapeutics (AKTX) and Bicycle Therapeutics (BCYC), which advanced 3.3% and 2.7% respectively.

The decliners from the UK and Ireland were led by British American Tobacco (BTI) and telecommunications operator Vodafone Group (VOD), which fell 8% and 1.3% respectively. They were followed by oil and gas companies BP (BP) and Shell (SHEL), which were down 1.1% and 1% respectively.

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