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Bank Stocks Help Nudge European Equities Traded in the US as American Depositary Receipts Higher in Monday Trading
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Bank Stocks Help Nudge European Equities Traded in the US as American Depositary Receipts Higher in Monday Trading
Jun 17, 2024 8:28 AM

11:14 AM EDT, 06/17/2024 (MT Newswires) -- Bank stocks were helping European equities traded in the US as American depositary receipts nudge marginally higher late Monday morning, rising 0.047% to 1,409.42 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by financial services company ING (ING) and pharmaceutical company Sanofi ( SNY ) , which rose 2.9% and 1.7% respectively. They were followed by financial services company Banco Santander (SAN) and biopharmaceutical company DBV Technologies ( DBVT ) , which were up 1.5% and 1% respectively.

The decliners from continental Europe were led by biotech firm Evaxion Biotech ( EVAX ) , which tumbled 20.5%, followed by biopharmaceutical company Cellectis ( CLLS ) , which fell 5.8%. They were followed by biotech firm BioNTech (BNTX) and pharmaceutical company Ascendis Pharma ( ASND ) , which were down 2.6% each.

From the UK and Ireland, the gainers were led by biopharmaceutical companies Verona Pharma ( VRNA ) and Mereo BioPharma Group ( MREO ) , which climbed 10.2% and 4% respectively. They were followed by construction materials supplier CRH (CRH) and financial services company Lloyds Banking Group ( LYG ) , which increased 1.2% and 0.9% respectively.

The decliners from the UK and Ireland were led by biotech firm Trinity Biotech ( TRIB ) and pharmaceutical company Silence Therapeutics ( SLN ) , which dropped 13.7% and 2% respectively. They were followed by biopharmaceutical companies Akari Therapeutics ( AKTX ) and NuCana ( NCNA ) , which lost 2.9% and 2% respectively.

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