ADR Shares End Higher After Dow Powers to New High

   By Mia Lamar 
 

International companies trading in New York closed sharply higher Tuesday after the Dow Jones Industrial Average surged to a new record.

The Bank of New York index of ADRs rose 1.1% to 136.03. Risk-senstive financial shares were among the biggest gainers.

Germany's Deutsche Bank AG (DB, DBK.XE) rose 1.8% to $44.29, Switzerland's Credit Suisse Group AG (CS, CSGN.VX) added 2.4% to $26.54 and France's Credit Agricole SA (CRARY, ACA.FR) rose 1.5% to $4.65.

The European index climbed 1.2% to 127.80.

Daimler AG (DDAIY, DAI.XE) Chief Executive Dieter Zetsche said the company is continuing to expand, despite shrinking demand for cars. Mr. Zetsche was speaking on the sidelines of the Geneva Motor Show. "We are still growing in a declining market," he said. Shares rose 2.9% Tuesday to $60.61.

The Asian index rose 1% to 137.56.

Australian stocks made a comeback Tuesday, as local sentiment was helped by stronger-than-expected retail sales data, as well as encouraging current account data for the fourth quarter of 2012.

Alumina Ltd. (AWC, AWC.AU) shares rose 2.6% to $4.69 after logging a drop of more than 4% on Monday. Shares of Sims Metal Management Ltd. (SMS, SGM.AU) gained 1.5% to $10.57.

The Latin American index rose 0.5% to 325.52 while the emerging-markets index gained 0.8% to 285.86, lagging the day's gainers.

Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, managed to eke out a gain of 0.3% to close at $14.49 on rising global oil prices.

-Write to Mia Lamar at [e-mail]