ADRs End Lower
May 01 2018 - 5:26PM
Dow Jones News
By Imani Moise
International stocks trading in New York closed lower on
Tuesday.
Banks were among the companies with ADRs that traded
actively.
The BNY Mellon index of American depositary receipts fell 0.4%
to 151.96. The European index decreased 0.5% to 140.23, the Asian
index dropped 0.1% to 178.87, the Latin American index declined
1.2% to 261.79 and the emerging markets index decreased 0.1% to
330.96.
ADRs of BP PLC rose 0.5% to $44.80 after delivering
first-quarter earnings that topped consensus forecasts.
ADRs of Barclays PLC fell 1.1% to $11.41 after chairman front
runner Gerry Grimstone unexpectedly pulled out of the race to head
the British bank, prompting the company to look externally.
ADRs of Royal Bank of Scotland Group PLC fell 0.7% to $7.43
after the bank said it intends to close 162 branches in England and
Wales as it prepares to reintegrate its Williams & Glyn
business into its core bank.
ADRs of Sanofi fell 0.5% to $76.28 after the pharmaceutical
company said it, along with Regeneron, would cut prices in a bid to
jumpstart sales.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
May 01, 2018 17:11 ET (21:11 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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