11:06 AM EDT, 05/22/2026 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending slightly higher late Friday morning, edging up 0.11% to 1,880.31 on the S&P Europe Select ADR Index, which has surged 3% for the week so far.

From continental Europe, the gainers were led by telecommunications company Nokia ( NOK ) and semiconductor company Sequans Communications ( SQNS ) , which climbed 8.1% and 2.7% respectively. They were followed by furniture maker Natuzzi (NTZ) and telecommunications company Ericsson (ERIC), which increased 3.1% and 1.9% respectively.

The decliners from continental Europe were led by oil and gas company Eni (E) and lender Banco Santander (SAN), which dropped 2.3% and 1.6% respectively. They were followed by biopharmaceutical company Grifols ( GRFS ) and lender Banco Bilbao Vizcaya Argentaria ( BBVA ) , which lost 1.4% and 0.9% respectively.

The gainers from the UK were led by biopharmaceutical companies Akari Therapeutics ( AKTX ) and Mereo BioPharma ( MREO ) , which advanced 73% and 6.7% respectively. They were followed by biotech firm Autolus Therapeutics ( AUTL ) and biopharmaceutical company Bicycle Therapeutics ( BCYC ) , which were up 3.6% and 1.1% respectively.

The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals ( BDRX ) and biotech firm Trinity Biotech ( TRIB ) , which fell 3.1% and 2.4% respectively. They were followed by insurance company Prudential (PUK) and pharmaceutical company Silence Therapeutics ( SLN ) , which were down 1.7% and 0.2% respectively.