ADRs End Mixed; GOL Rises
June 22 2016 - 05:53PM
Dow Jones News
International stocks trading in New York were mixed on
Wednesday. GOL Linhas Aereas Inteligentes SA (GOL, GOLL4.BR) was
among the companies with ADRs that traded actively.
The BNY Mellon index of American depositary receipts eased 0.02%
to 124.26. The European index rose 0.1% to 122.84, the Asian index
edged down 0.3% to 131.28, the Latin American index increased 0.02%
to 177.36 and the emerging markets index rose 0.08% to 229.36.
U.S. authorities are investigating Credit Suisse Group AG's (CS)
operations in Israel, The Wall Street Journal reported citing
people familiar with the matter. The investigation once again
places the Swiss bank under Justice Department scrutiny related to
its handling of American clients. Still, Credit Suisse's ADRs rose
five cents to $13.12.
Brazilian airline GOL Linhas Aereas Inteligentes SA (GOL,
GOLL4.BR) saw demand decrease last month amid the country's deep
economic recession. The number of departures dropped 21.3% in May
versus the same month of 2015, and fell 13.4% in the first five
months of this year, compared with the year-earlier period. The
percentage of seats filled dropped to 74.9% in May from 75.8% a
year earlier even as capacity dropped 6.6%. ADRs rose nearly 9% to
$8.88.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
June 22, 2016 17:38 ET (21:38 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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