11:16 AM EST, 03/07/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were rising on Thursday morning, up 1.6% to 1,367.94 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by pharmaceutical company Novo Nordisk ( NVO ) and tech firm Opera (OPRA), which climbed 8.3% and 5.9%, respectively.

The decliners from continental Europe were led by electronics company Sequans Communications ( SQNS ) , which fell 7.2%, and food company Oatly ( OTLY ) , which retreated 1.4%.

From the UK and Ireland, the gainers were led by business services group Rentokil Initial ( RTO ) and biotech firm GSK (GSK), which rose 19% and 2.3%, respectively.

Meanwhile, the decliners from the UK and Ireland were led by biotech Silence Therapeutics ( SLN ) , which was down 2.7%.