11:40 AM EST, 11/05/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were slightly higher on Tuesday morning, up 0.13% to 1,361.68 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by fabless semiconductor company Sequans Communications ( SQNS ) and semiconductor contract manufacturing firm STMicroelectronics ( STM ) , which rose 7.8% and 3% respectively. They were followed by Swedish food company Oatly ( OTLY ) , up 1.7%.

The decliners from continental Europe were led by pharmaceutical company Novartis ( NVS ) and technology firm Opera (OPRA), which fell 1.6% and 1.1% respectively.

From the UK and Ireland, the gainers were led by cryptocurrency miner Argo Blockchain ( ARBK ) and budget airline Ryanair ( RYAOF ) , which rose 6.2% and 5.1% respectively.

The decliners from the UK and Ireland were led by pharmaceutical and biotech giant AstraZeneca ( AZN ) and clinical-stage biopharmaceutical company Adaptimmune Therapeutics ( ADAP ) , which were shedding 7.6% and 2.9% respectively.