European equities traded in the US as American depositary receipts were trending higher late Wednesday morning, rising 0.50% to 1,960.43 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and semiconductor company Sequans Communications (SQNS), which rose 4% and 3.6% respectively. They were followed by pharmaceutical company Novo Nordisk (NVO) and lender ING Group (ING), which were up 3.5% and 2.9% respectively.

The decliners from continental Europe were led by internet browser company Opera (OPRA) and petroleum refiner Equinor (EQNR), which dropped 2.3% and 1.5% respectively. They were followed by telecommunications companies Nokia (NOK) and Ericsson (ERIC), which lost 0.8% and 0.7% respectively.

The gainers from the UK were led by hospitality company InterContinental Hotels Group (IHG) and biopharmaceutical company Bicycle Therapeutics (BCYC), which advanced 4.1% and 3.1% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and mining company BHP Group (BHP), which increased 1.5% and 1.4% respectively.

The decliners from the UK and Ireland were led by educational publisher Pearson (PSO) and biotech firm Trinity Biotech (TRIB), which fell 2.8% and 2.5% respectively. They were followed by communications company WPP (WPP) and biopharmaceutical company Mereo BioPharma Group (MREO), which were down 2.4% and 2.3% respectively.