European Equities Traded in the US as American Depositary Receipts Edge Lower in Wednesday Trading
European equities traded in the US as American depositary receipts were edging lower late Wednesday morning, declining 0.12% to 1,959.45 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and semiconductor company Sequans Communications (SQNS), which advanced 8.7% and 8.5%, respectively. They were followed by telecommunications company Ericsson (ERIC) and accommodations booking site trivago (TRVG), which rose 2.3% and 2.1%, respectively.The decliners from continental Europe were led by medical device maker EDAP (FOCL) and software company SAP (SAP), which shed 17% and 2.9%, respectively. They were followed by biotech firm Evaxion (EVAX) and pharmaceutical company Novo Nordisk (NVO), which fell 2.6% and 2.2%, respectively.The gainers from the UK were led by biopharmaceutical firms NuCana (NCNA) and Amarin (AMRN), which increased 4.9% and 1.6%, respectively. They were followed by lender Lloyds Banking Group (LYG) and utilities company National Grid (NGG), which were up 1.5% and 1.3%, respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Mereo BioPharma Group (MREO) and biotech firm Trinity Biotech (TRIB), which lost 7% and 5.8% respectively. They were followed by software firm Endava (DAVA) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which dropped 3.3% and 2.7% respectively.
