ADRs End Mostly Higher; Barclays Rises
August 08 2016 - 6:27PM
Dow Jones News
International stocks trading in New York closed mostly higher on
Monday.
Barclays PLC (BCS) was among the companies with ADRs that traded
actively.
The BNY Mellon index of American depositary receipts edged up
0.09% to 127.23. The European index eased 0.21% to 121.62; the
Asian index rose 0.63% to 140.95; the Latin American index
increased 0.61% to 202.46; and the emerging markets index rose
0.42% to 249.97.
Barclays agreed to pay $100 million to end investigations by 43
states and the District of Columbia into its alleged manipulation
of the London interbank offered rate benchmark in the mid-2000s,
authorities said on Monday. The settlement comes four years after
the British bank resolved similar charges with U.S. and U.K.
authorities that had ignited a firestorm and led to the resignation
of its top leadership. Attorneys general from multiple states led
by New York and Connecticut launched their own probes in 2012 in
the wake of those charges. ADRs rose 3.2% to $8.35 amid a broker
upgrade earlier on Monday.
ADRs of Novo Nordisk AS (NVO, NOVO-B.KO) fell 5.5% to $47.13 on
Monday, declining for a second day, after the Danish pharmaceutical
company on Friday lowered its 2016 revenue estimate to the lower
end of its previous guidance, citing tough market conditions in the
U.S. Analysts at Leerink said the downbeat outlook raised questions
about Novo's long-term goal of increasing its operating profit by
10% within five years.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
August 08, 2016 18:12 ET (22:12 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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