ADRs End Higher
September 06 2017 - 6:53PM
Dow Jones News
International stocks trading in New York closed higher on
Wednesday.
The BNY Mellon index of American depositary receipts rose 0.64%
to 145.63, the Asian index edged up 0.26% to 168.17, the
emerging-markets index increased 0.65% to 317.59, the European
index rose 0.7% to 135.35, and the Latin American index increased
1.74% to 255.63.
Banco Santander SA (SAN) was among those with ADRs that traded
actively.
Aircraft maker Boeing (BA) raised its forecast for airplane
demand in China over the next two decades, estimating the country
will demand 7,240 mew airplanes--or roughly one-fifth of global
airplane demand--at a cost of about $1.1 trillion. The company said
the nation's economic growth, infrastructure investment and growing
middle-class will help drive spending by air carriers. The
additional demand is expected for single-aisle planes and large
freighters. ADRs in China Eastern Airlines Corp. (CEA) rose 1.5% to
$26.85, and ADRs in China Southern Airlines Co. (ZNH) rose 0.6% to
$38.28.
ADRs in Carnival PLC (CUK) continued to slide Wednesday as the
cruise-line operator said it planned to cancel two cruises to the
Bahamas from Port Canaveral and Miami scheduled to depart later
this week. Irma made landfall Wednesday as a Category 5 hurricane,
one of the strongest ever recorded in the Atlantic, and Florida and
other states are bracing for its potential impact. ADRs fell 0.3%
to $67.51.
Cellectis SA (CLLS) said earlier this week the U.S. Food and
Drug Administration placed a hold on ongoing Phase 1 studies of a
potential drug candidate in cases of acute myeloid leukemia and
blastic plasmacytoid dendritic cell neoplasm. The biopharmaceutical
company said it hoped to resume the trial with a lower dosing of
its drug candidate. The hold was initiated after a death was
reported in a study. ADRs in Cellectis fell 2.7% to $24.96.
Banco Santander said it had closed on its acquisition of Banco
Popular, a deal for a bank operation in Portgual that had been
announced earlier this year. ADRs rose 0.5% to $6.36.
(END) Dow Jones Newswires
September 06, 2017 18:38 ET (22:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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