ADRs End Higher
January 02 2018 - 4:23PM
Dow Jones News
By Imani Moise
International stocks trading in New York closed higher on the
first trading day of the new year.
BP PLC (BP) was among the companies with ADRs that traded
actively Tuesday.
The BNY Mellon index of American depositary receipts rose 1.6%
to 155.68. The European index increased 1% to 143.76, the Asian
index improved 2.4% to 184.61, the Latin American index rose 3.4%
to 257.31 and the emerging markets index increased 3.3% to
336.57.
ADRs of BP PLC edged 0.8% higher to $42.38 after the bank said
it would record a $1.5 billion charge in the fourth quarter related
to the new tax laws but said longer-term effects of a corporate tax
cut would be positive.
ADRs of Gerdau S.A. (GGB) rose 5.91% to $3.94 after Commercial
Metals Co. (CMC) said it agreed to buy certain U.S. rebar steel
mill and fabrication assets from the Brazilian steelmaker.
ADRs of Tata Motors Ltd. (TTM) rose 3.8% to $34.32 after the
company reported commercial-vehicle sales surged 62% on-year in
December.
ADRs of Royal Dutch Shell PLC (RDSB.LN) rose 2% to $68.04 after
the company said the sale of A/S Dansk Shell to Dansk Olieselskab
AS has terminated and won't complete.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
January 02, 2018 17:08 ET (22:08 GMT)
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