ADRs End Higher; SAP Rises
July 20 2016 - 7:16PM
Dow Jones News
International stocks trading in New York closed higher on
Wednesday.
The BNY Mellon index of American depositary receipts increased
0.9% to 126.08. The European index rose 1% to 122.30. The Asian
index improved 0.6% to 135.88. The Latin American index improved
0.5% to 197.95. And the emerging markets index rose 0.6% to
244.74.
SAP SE (SAP, SAP.XE) was among the companies with ADRs that
traded actively.
Netherlands-based semiconductor-equipment maker ASML Holding NV
ASML Holding NV (ASML, ASML.AE) Wednesday recorded sharp
improvements in earnings and sales amid strong demand from makers
of logic and memory-chips. ADRs rose 2.4% to $108.16.
The Justice Department on Wednesday signed off on Anheuser-Busch
InBev NV's Anheuser-Busch InBev NV (BUD, ABI.BT) roughly $108
billion acquisition of rival SABMiller PLC, after the beer
companies agreed to several conditions to secure the government's
approval. Anheuser-Busch InBev's ADRs rose1.3% to $126.22.
BHP Billiton plans to tip more iron ore into the global market
in the year ahead, as miners show few signs of holding back output
of the commodity despite a worsening glut. On Wednesday, the
world's biggest by market value, forecast its vast network of
iron-ore mines in remote northwest Australia, the source of much of
the global trade in the commodity, could produce up to 7% more in
the year ahead versus the prior 12 months. ADRs of BHP Billiton PLC
(BBL, BLT.LN) fell 1.5% to $24.40 and BHP Billiton Ltd. (BHP,
BHP.AU) fell 1.4% to $28.32.
German business-software provider SAP posted a 73% jump in net
profit for the second quarter of 2016, boosted by lower
restructuring costs year-over-year and cloud growth. SAP also
confirmed its guidance for the full year. ADRs rose 5.5% to
$83.71.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
July 20, 2016 19:01 ET (23:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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