ADRs End Higher; Financial Firms Rise

International stocks trading in New York closed higher Tuesday.

The BNY Mellon index of American depositary receipts rose 2.9% to 118.19. The European index increased 3.2% to 115.35, the Asian index improved 2.1% to 127.16, the Latin American index rose 4.4% to 176.63, and the emerging markets index increased 2.9% to 225.03.

Barclays PLC (BCS, BARC.LN) and Lloyds Banking Group PLC (LYG, LLOY.LN) were among the companies with ADRs that traded actively.

U.K. and European bank shares rebounded Tuesday as the pound regained some ground and markets took a pause after two days of heavy selling. Among the gainers were Barclays and Lloyds, whose fortunes are closely tethered to the U.K. economy and spending and investment. Barclays rose 3.8% to $7.30 and Lloyds advanced 10% to $3.07.

Gold prices retreated Tuesday as investors took profits after several days of sharp gains. Among gold miners with ADRs, Randgold Resources Ltd. (GOLD, RRS.LN) fell 1.3% to $105.52; AngloGold Ashanti Ltd. (AU, ANG.JO) declined 1.5% to $17.19; and Harmony Gold Mining Co. (HMY, HAR.JO) dropped 3.2% to $3.36.

Carnival PLC (CUK, CCL.LN) said its earnings soared in its latest quarter as the cruise-ship company benefited from lower costs and better-than-expected revenue. ADRs rose 1.1% to $44.23.

Write to Tess Stynes at [e-mail]

(END) Dow Jones Newswires

June 28, 2016 17:55 ET (21:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.