ADRs End Mostly Higher
July 28 2017 - 6:36PM
Dow Jones News
International stocks trading in New York closed mostly higher on
Friday.
The BNY Mellon index of American depositary receipts rose 0.18%
to 145.89. The European index fell 0.09% to 137.16, the Latin
American index rose 0.73% to 234.61 and the Asian index increased
0.58% to 168.09. The emerging-markets index rose 0.91% to
308.37.
Baidu Inc. (BIDU) was among companies whose ADRs traded most
actively. The Chinese internet-search leader posted first-quarter
profit Thursday that surged 83% from last year due to progress in
its mobile app and newsfeed advertising. The Beijing-based company
had reported a 67% drop in profit last year due to a scandal with
the Chinese government in which it was ordered to revamp its
advertising practices. ADRs of Baidu rose 9.5% to $220.
Mexico on Friday said exports rose 11.5% in June to $35.61
billion, while imports grew 9.5% to $35.55 billion. The $62 million
surplus brought the trade balance for the first half of the year to
a deficit of $2.91 billion. ADRs in multinational beverage and
retail company Fomento Economico Mexicano SAB (FMX) rose 0.35% to
$101.36.
Oil prices edged up each day the past week, posting the most
significant weekly gain since December, when the Organization of
the Petroleum Exporting Countries announced a deal aiming to cut
output by 1.8 million barrels a day. ADRs of British oil and gas
company BP PLC (BP) experienced heavy trading volume and rose 0.49%
to $35.16.
(END) Dow Jones Newswires
July 28, 2017 18:21 ET (22:21 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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