NEW YORK Nov 19 U.S.-listed shares of foreign
companies rallied on Monday alongside global equities on signs
of progress in talks to deal with the "fiscal cliff."
Energy companies were among the largest percentage gainers
as the price of Brent crude jumped 2.5 percent to a
one-month high on supply concerns as violence in the Middle East
U.S.-traded shares of Eni SpA, Total SA and BP
plc rose 3 percent or more.
Leading U.S. lawmakers expressed confidence over the weekend
that they could reach a deal to avert the "fiscal cliff," a
series of spending cuts and tax hikes that could derail the
economic recovery, even as they laid down markers on taxes and
spending that may make any agreement more difficult.
The BNY Mellon index of leading American depositary receipts
added 1.9 percent, roughly in line with the U.S.
benchmark S&P 500's 2 percent gain.
The BNY Mellon index of leading European ADRs
gained 2.15 percent.
The BNY Mellon index of leading Asian ADRs added 1.5
percent, with Japanese ADRs up for a third session on
hopes for more monetary easing after next month's election.
The Japan ADR index has gained 7.5 percent in the last three
The BNY Mellon index of leading Latin American ADRs
gained 1.45 percent.