ADRs End Slightly Higher; Santander, Embraer Actively
January 04 2018 - 6:34PM
Dow Jones News
International stocks trading in New York closed slightly higher
on Thursday.
The BNY Mellon index of American depositary receipts rose 0.7%
to 157.42. The European index increased 0.7% to 145.14. The Asian
index increased 0.8% to 187.34. The Latin American index increased
0.5% to 259.83, and the emerging-markets index rose 0.3% to
339.13.
Benitec Biopharma Ltd. (BNTC), Banco Santander SA (SAN) and
Embraer SA (ERJ) were among those with ADRs that traded
actively.
Australian biotechnology company Benitec Biopharma will make a
presentation at a biotech showcase in San Francisco next week. It
said it will provide at the event a 2018 outlook and highlight its
progress toward becoming a clinical-stage company. The company's
pipeline includes candidates to treat head and neck squamous cell
carcinoma and oculopharyngeal muscular dystrophy. ADRs rose 15% to
$3.44.
Santander's third-quarter results confirmed its strong earnings
performance, UBS says, but its capital position and the political
situation in Spain still weigh on the bank. Most businesses,
including Banco Popular and the bank's Brazilian operations,
contributed to the positive performance, analysts say. ADRs of
Santander rose 3.4% to $6.75.
Brazilian aircraft maker Embraer reached a flight-services deal
with Widerøe covering parts for the Norway-based carrier's new E2
jets. Widerøe is the launch customer for the new jets, with first
delivery set for April. Like Boeing and rival Airbus, Embraer is
trying to capture more high-margin services work alongside jet
sales. ADRs of Embraer rose 2.4% to $26.89.
(END) Dow Jones Newswires
January 04, 2018 18:19 ET (23:19 GMT)
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