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European Equities Traded in the US as American depositary Receipts Rise in Monday Trading

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European equities traded in the US as American depositary receipts started the week higher on Monday, rising 0.45% to 1,928.13 on the S&P Europe Select ADR Index.

From continental Europe, the gainers from biotech firm BioNTech (BNTX) and Banco Santander (SAN), which advanced 2.1% and 1.7% respectively. They were followed by lenders Banco Bilbao Vizcaya Argentaria (BBVA) and ING (ING), which increased 1.5% and 1.3% respectively.

The decliners from continental Europe were led by pharmaceutical firm Novo Nordisk (NVO) and accommodations booking site trivago (TRVG), which dropped 8% and 3.8% respectively. They were followed by petroleum refiner Equinor (EQNR) and biopharmaceutical company Cellectis (CLLS), which lost 2.7% and 1.3% respectively.

The gainers from the UK were led by Akari Therapeutics (AKTX) and software firm Endava (DAVA), which rose 4% and 3.6%, respectively. They were followed by pharmaceutical companies GSK (GSK) and AstraZeneca (AZN), which were up 1.5% and 1.2% respectively.

The decliners from the UK and Ireland were led by oil and gas company BP (BP) and Biodexa Pharmaceuticals (BDRX), which fell 2.1% and 1.5% respectively. They were followed by mining company BHP Group (BHP) and oil and gas company Shell (SHEL), which were down 0.9% and 0.8% respectively.

What else is happening in Japan?

Japan

US Equity Markets Mixed After Government Bond Yields Rise, Crude Oil Prices Fall

US equity indexes were mixed Friday as government bond yields rebounded, with the 10-year hovering near its highest level in almost two decades, while crude oil prices fell.* US equity funds recorded outflows for a fourth consecutive week as rising crude oil prices heightened inflation concerns and expectations of a Fed rate increase added to investor caution ahead of its policy decision, Reuters reported.* "We now expect two more hikes from the [Federal Reserve in the next 12 months], and our commodity analysts see energy markets facing a convergence of supply chain disruptions," Morgan Stanley said in a note.* October West Texas Intermediate crude oil fell $2.26 to settle at $99.65 per barrel, while November Brent crude, the global benchmark, was last seen down $1.64 at $103.18.* Nucor (NUE) shares were down 6.3%, the worst performer on the S&P 500, after the company said late Thursday it expects Q3 earnings of $5.55 to $5.65 per diluted share, below analysts' estimates.

Dow JonesNasdaq CompositeS&P 500$NUE
Japan

Update: US Equity Indexes Mixed as Benchmark Treasury Yield Rises 5%

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed in the final leg of trading while government bond yields rebounded, with the 10-year hovering near its highest level in almost two decades.The Nasdaq Composite rose 0.2% to 26,460.5, and the S&P 500 edged up less than 0.1% to 7,642.1 ahead of Friday's close. The Dow Jones Industrial Average slipped 0.2% to 51,688.5. Materials and utilities led decliners."We now expect two more hikes from the [Federal Reserve], and our commodity analysts see energy markets facing a convergence of supply chain disruptions," Morgan Stanley said in a note after Wednesday's 25-basis-point rate increase. "A higher expected path for oil prices means disinflation will be slower, and more restrictive policy also weighs on growth in 2027."Morgan Stanley expects rate increases of the same magnitude in December and March, to a target range of 4.25 to 4.50%. "They hold there through the end of next year."US Treasury yields rose after midday. The 10-year yield jumped 5.5 basis points to 5%, trading near its strongest level since 2007. The two-year yield climbed 5.5 basis points to 4.75%, a multi-month high.The front-month US West Texas Intermediate crude oil contract fell 2.3% to $99.61 per barrel, while the global benchmark North Sea Brent declined 1.6% to $103.09 per barrel.

Dow JonesNasdaq CompositeS&P 500
Japan

Update: US Equity Indexes Fall as Benchmark Treasury Yield Jumps Back Above 5%

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes fell as government bond yields rebounded, with the 10-year hovering around its highest in almost two decades.The Nasdaq Composite slipped 0.1% to 26,383.5, the S&P 500 declined 0.2% to 7,619.6, and the Dow Jones Industrial Average retreated 0.4% to 51,563.9 after midday Friday.US Treasury yields rose after midday. The 10-year yield jumped 5.1 basis points to 5%, trading near its strongest level since 2007. The two-year yield climbed 5.1 basis points to 4.74%, a multi-month high.The front-month US West Texas Intermediate crude oil contract rose 0.2% to $101.70 per barrel, while the global benchmark North Sea Brent slipped 0.5% to $104.28 per barrel.In company news, Nucor (NUE) shares slumped 6%, one of the worst performers on the S&P 500, after the company said late Thursday it expects Q3 earnings of $5.55 to $5.65 per diluted share, falling short of analysts' consensus.

Dow JonesNasdaq CompositeS&P 500$NUE