ADRs End Higher; ArcelorMittal Trades Actively

International stocks trading in New York closed higher on Thursday.

The BNY Mellon index of American depositary receipts increased 0.8% to 151.84. The European index rose 1.1% to 139.51. The Asian index improved 0.2% to 178.72. The Latin American index gained 0.9% to 270.96. And the emerging-markets index added 0.4% to 333.09.

ArcelorMittal (MT, MT.FR, MT.AE, ACM-YY) was among those with ADRs that traded actively.

ADRs in oil majors gained Thursday amid easing fears of a global trade standoff. BP PLC (BP, BP.LN) rose 2.2% to $41.92, and Total SA (TOT, FP.FR) increased 1.7% to $59.70.

ArcelorMittal gained 4.7% to $32.17 Thursday as the U.S. and China signaled they would be open to negotiating a resolution to their standoff over tariffs. ArcelorMittal, which has 23 production sites in the U.S., has repeatedly called for tougher measures against cheap imports from China, but a full-blown trade war would weigh heavily on global metals demand.

Write to Maria Armental at [e-mail]

(END) Dow Jones Newswires

April 05, 2018 19:05 ET (23:05 GMT)

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