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European Equities Rise as Consumer Confidence Grows

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Last updated: 01/23/2023 11:13:11

11:13 AM EST, 01/23/2023 (MT Newswires) -- European equities were moving higher in Monday trading as the European Commission's consumer confidence survey flash estimate showed a 1.4 percentage point increase in January.

American depositary receipts of European stocks were up 0.28% to 1,171.89 on the S&P Europe Select ADR Index.

In continental Europe, the gainers were led by biopharmaceutical firm Cellectis (CLLS) and 3D printer company Materialise (MTLS), which climbed 10% and 4.5% higher, respectively. They were followed by dating app operator Spark Networks (LOV) and electronics company Philips (PHG), which rose 4.1% and 37%, respectively.

The decliners in continental Europe were led by biopharmaceutical company DBV Technologies (DBVT) and internet browser company Opera (OPRA), which retreated 1.4% and 1.3%, respectively. They were followed by oil and gas company Eni (E) and software firm SAP (SAP), which declined 1.2% and 0.7%, respectively.

In the UK and Ireland, the gainers were led by biopharmaceutical companies Mereo BioPharma Group (MREO) and Amarin Corp. (AMRN), which climbed 9.3% and 2.7%, respectively. Cruise line operator Carnival (CUK) was up 2.4% and biotech firm Trinity Biotech (TRIB) added 1.9%.

The decliners in the UK and Ireland were led by biotech company Autolus Therapeutics (AUTL), which lost 3% and insurance firm Prudential (PUK), which declined 1.2%. Utilities company National Grid (NGG) slipped 1% and pharmaceutical company AstraZeneca (AZN) lost 0.9%.

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