European Equities Traded in the US as American Depositary Receipts Surge in Monday Trading

European equities traded in the US as American depositary receipts kicked off the week on a strong note late Monday morning, surging 2.17% to 1,894.38 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by medical device maker EDAP TMS (FOCL) and telecommunications company Nokia (NOK), which climbed 11.5% and 7.8% respectively. They were followed by lenders Banco Santander (SAN) and Banco Bilbao Vizcaya Argentaria (BBVA), which rose 5% and 4.1% respectively.

The decliners from continental Europe were led by biotech firm Evaxion (EVAX) and accommodations booking site trivago (TRVG), which lost 6.5% and 1.1% respectively. They were followed by petroleum refiner Equinor (EQNR) and biotech firm BioNTech (BNTX), which dropped 1.8% and 0.3% respectively.

The gainers from the UK were led by biopharmaceutical companies Mereo BioPharma Group (MREO) and Bicycle Therapeutics (BCYC), which advanced 5.2% and 3.6% respectively. They were followed by insurance company Prudential (PUK) and mining company BHP Group (BHP), which increased 4.4% and 3.4% respectively.

The decliners from the UK and Ireland were led by software firm Endava (DAVA) and biotech firm Trinity Biotech (TRIB), which fell 4.3% and 5.3% respectively. They were followed by medical device maker Smith & Nephew (SNN) and tobacco company British American Tobacco (BTI), which were down 1.2% and 1.3% respectively.