European equities traded in the US as American depositary receipts were were sharply lower late Tuesday morning, falling 1.75% to 1,410.73 on the S&P Europe Select ADR Index.
From continental Europe, the gainers were led by telecommunications company Ericsson (ERIC) and furniture maker Natuzzi (NTZ), which climbed 11% and 9.7% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and brewing company Anheuser-Busch InBev (BUD), which increased 2.4% and 1.1% respectively.
The decliners from continental Europe were led by oil and gas company TotalEnergies (TTE) and petroleum refiner Equinor (EQNR), which dropped 4.6% and 4.1% respectively. They were followed by oil and gas company Eni (E) and biotech firm BioNTech (BNTX), which lost 3.1% and 2.3% respectively.
From the UK and Ireland, the gainers were led by cruise line operator Carnival (CUK) and biopharmaceutical company Adaptimmune Therapeutics (ADAP), which rose 6.2% and 1.6% respectively. They were followed by utilities company National Grid (NGG) and communications company WPP (WPP), which were up 1.3% and 1% respectively.
The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which fell 6.5% and 3.2% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and oil and gas company Shell (SHEL), which were down 3.1% each.
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