11:15 AM EDT, 10/15/2024 (MT Newswires) -- 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.