ADRs End Higher; Financial Firms Rise

International stocks trading in New York closed higher on Monday.

The BNY Mellon index of American depositary receipts rose 1.4% to 123.46. The European index increased 1% to 119.90; the Asian index improved 2.2% to 133.30; the Latin American index rose 1% to 188.91; and the emerging markets index increased 1.7% to 238.94.

Financial firms were among the companies with ADRs that traded actively.

The U.K.'s FTSE 100 rose 1.4% on Monday, continuing Friday's gains after the strong U.S. jobs report fueled investor optimism. Among U.K. companies with ADRs, financial firms were among the biggest gainers, including Royal Bank of Scotland Group PLC (RBS, RBS.LN), which increased 7.3% to $4.72. Barclays PLC (BCS, BARC.LN) rose 4.8% to $7.67 and Lloyds Banking Group PLC (LYG, LLOY.LN) advanced 4.7% to $2.87.

U.S. Justice Department officials overruled their prosecutors' recommendation to pursue criminal charges against HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) over money-laundering failings in 2012, according to a House committee report prepared by Republicans that was reviewed by The Wall Street Journal before its release Monday. ADRs of HSBC rose 1.9% to $31.08.

Swiss banking giant UBS Group AG (UBS) saw its market capitalization slip 36% from the end of last year to the end of June, which pushed the bank to 5th largest in Europe from a previous ranking of No. 3, according to data from S&P Global Market Intelligence. The slide was far more pronounced for Swiss rival Credit Suisse AG (CS, CSGN.EB), which fell to No. 19 as of the end of June, from No. 12 as of the end of 2015; Credit Suisse's market capitalization fell slightly more than 50% over the period. ADRs of UBS rose 2.1% to $12.51 and Credit Suisse increased 2.9% to $10.76.

Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) delivered fewer planes and reported a smaller backlog in the second quarter, the company said in a statement Monday. Embraer said it delivered 52 jets in the period, down from 60 planes in the year-earlier quarter. ADRs fell 18 cents to $21.41.

Advertising firm WPP PLC (WPPGY, WPP.LN) said Monday its subsidiary Grey Group, has acquired a majority stake in the holding company of Famous, a creative agency in Belgium, for an undisclosed sum. Following the acquisition, Famous will rebrand as FamousGrey, WPP said. ADRs rose 1.1% to $108.43.

Write to Tess Stynes at [e-mail]

(END) Dow Jones Newswires

July 11, 2016 18:30 ET (22:30 GMT)

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