CX Cemex SaB De Cv

International stocks trading in New York were mostly lower Monday.

The BNY Mellon index of American depositary receipts eased 0.01% to 121.74. The European index edged up 0.08% to 119.96, the Asian index edged down 0.34% to 130.29, the Latin American index rose 0.26% to 167.33 and the emerging markets index declined 0.18% to 221.91.

Mining firms were among the companies with ADRs that traded actively.

The price of iron ore jumped almost 20% on Monday as investors bet that China will stimulate its economy and buoy demand for the key steelmaking ingredient. Among mining companies with ADRs, BHP Billiton Ltd. (BHP, BHP.AU) rose 5.4% to $29.17, BHP Billiton PLC (BBL, BLT.LN) increased 5.3% to $25.80, Rio Tinto PLC (RIO, RIO.LN) advanced 5.4% to $31.95 and Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR) rose 6.2% to $4.65.

Barclays PLC (BCS, BARC.LN) on Monday hired nine people including former Bank of America Merrill Lynch banker Carlo Calabria to strengthen its mergers and acquisitions business, a high-profile example of how European banks aren't pulling back across the board in investment banking. ADRs rose seven cents to $9.88.

Mexican cement and building-materials company Cemex SAB (CX, CEMEX.MX) said Monday that the debt-to-earnings ceiling included in a 2014 credit agreement will be extended for an additional year after it obtained consents needed to make the changes. ADRs rose 5.1% to $6.25.

South African petrochemical and energy major Sasol Ltd. (SSL, SOL.JO) reported a steep drop in net profit for the six months ended Dec. 31, in line with expectations amid a global slump in oil prices. ADRs rose 29 cents to $31.62.

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

March 07, 2016 18:21 ET (23:21 GMT)

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