ADR Shares End Lower; BT Group Shares Trade Actively

International stocks trading in New York closed lower on Monday. The BNY Mellon index of American depositary receipts fell 1.9% to 134.90. The European index decreased 1.97% to 133.38, the Asian index dropped 1.4% to 138.47, the Latin American index fell 3.35% to 214.55 and the emerging markets index declined 1.8% to 251.94. Among the companies with shares that actively traded was BT Group PLC (BT, BT.A.LN).

BT Group said Monday it has entered exclusive talks to buy U.K. mobile operator EE for 12.5 billion British pounds ($19.6 billion) in cash and stock, a move that would get the British fixed-line giant back into mobile services and further scramble a fast-moving telecoms sector across Europe. BT said talks were likely to continue for several weeks with EE owners Deutsche Telekom AG of Germany and Orange SA (ORAN) of France. BT had previously been looking at both EE and O2, the British mobile operator owned by Telefonica SA (TEF, TEF.MC) of Spain. BT shares rose 1.5% to $62.82. Orange shares declined 4.2% to $15.95. Telefonica fell 2.6% to $14.95.

Brazilian shares closed lower Monday as news of a new arrest tied to a bribery investigation at Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) pulled the state-controlled oil company's shares lower, and the real weakened against the dollar. Petrobras shares fell 12% to $6.26.

Credit Suisse slashes price target on Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR) to $7.50 from $10.70 as reduced forecasts for commodity prices increase the odds of the Brazilian mining giant posting negative free cash flow next year. In a likely blow to Vale's hopes of selling shares in its base metals division, Credit Suisse also reduced its Ebitda forecast for the division by 26% in 2015. And all that is based on an expected recovery in prices for iron ore, copper and nickel. Vale shares fell 4.6% to $6.86.

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