By Micah Maidenberg

 

The S&P/BNY Mellon index of American depositary receipts rose 1.4% Monday to 147.84. The European index closed at 121.41, 1.3% higher. The emerging-markets and the Asian indices both rose 1.3%, closing at 386.79 and 218.71, respectively. The index for Latin American ADRs increased 3% to 386.79.

The ADRs for Banco Bilbao Vizcaya Argentaria SA shot up 12.6% to $4.21, as investors looked favorably on the Spanish bank's deal to sell its U.S. operations to PNC Financial Services Group Inc. for $11.6 billion.

ADRs tied to travel also gained ground Monday after Moderna said its Covid-19 vaccine was 94.5% effective at protecting people from the coronavirus. Brazilian airline Gol Linhas Aereas Inteligentes SA's ADRs were up almost 9% to $7.90, while cruise operator Carnival PLC's ADRs gained 9.7% to $15.75.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

November 16, 2020 17:05 ET (22:05 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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