NEW YORK, March 22 The U.S.-listed shares of
foreign companies rose on Friday led by the stock of European
companies as investors bet a bailout agreement would be reached
The Cypriot ruling party said the island nation was close to
a deal to raise billions of euros and unlock a bailout from the
European Union that could avert a financial meltdown and its
exit from the euro.
A gauge of pan European shares closed down 0.1
percent, but the U.S.-traded shares of European companies,
including some in the financial sector, rose. The BNY Mellon
index of American depositary receipts of European companies
rose nearly 0.9 percent.
The ADRs of Prudential Plc rose 2.6 percent to
$33.69 and those of Credit Suisse added 2.2 percent to
The broader BNY Mellon index of leading ADRs gained
0.7 percent, while the S&P 500 index rose 0.72
For the week, the ADR index fell 1 percent, its largest
weekly decline in six weeks, while the S&P 500 fell 0.2 percent
to post only its second weekly decline so far this year.
The BNY Mellon index of leading Asian ADRs added
0.54 percent. China Unicom ADRs rose 2.5 percent to
The BNY Mellon index of leading Latin American ADRs
edged up 0.17 percent.
The Brazilian benchmark Bovespa index hit its lowest
intraday level since last July and closed down 0.6 percent at
55243.40, weighed down by a 9 percent decline in energy company
ADRs of energy group Petrobras closed down 0.2
percent at $16.85.