European equities traded in the US as American depositary receipts started the week modestly higher late Monday morning, rising 0.19% to 1,884.14 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which increased 2% and 1.5% respectively. They were followed by medical device maker EDAP TMS (FOCL) and healthcare tech company Royal Philips (PHG), which were up 1.9% and 1.3% respectively.

The decliners from continental Europe were led telecommunications company Nokia (NOK) and biopharmaceutical company DBV Technologies (DBVT), which dropped 3% and 2.8% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and telecommunications company Ericsson (ERIC), which lost 4% and 1.7% respectively.

The gainers from the UK were led by alcoholic beverage company Diageo (DEO) and lender HSBC (HSBC), which advanced 1.3% and 1.4% respectively. They were followed by oil and gas companies Shell (SHEL) and BP (BP), which rose 1.4% and 1.2% respectively.

The decliners from the UK and Ireland were led by biopharmaceutical companies Mereo BioPharma Group (MREO) and Biodexa Pharmaceuticals (BDRX), which fell 7.6% and 8.7% respectively. They were followed by biopharmaceutical companies Amarin (AMRN) and Akari Therapeutics (AKTX), which dropped 2.4% and 0.7% respectively.