American depositary receipts of European companies showed broad
gains on Tuesday as stronger Chinese factory data helped mining and
The Bank of New York Mellon Europe ADR Index gained 0.7%,
compared with a 0.6% gain for the S&P 500 Stock Index.
Advancers led decliners 74 to 31.
Mining and metals companies gained on stronger factory data from
China, whose PMI rose to an eight-month high of 50.7 in June. The
gainers included BHP Billiton Plc (
) +1.9%, Rio Tinto Plc (
) +1.4%, James Hardie Industries Plc (
) +0.9% and Ternium (
BNP Paribas (
) rose 3.7% to $35.29 per ADR after the French bank pleaded guilty
to two felony counts as part of an $8.8 billion settlement to an
investigation of alleged violations of U.S. trade sanctions.
Europe ADR gainers included Voxeljet Ag (VJET) +9.7%,
STMElectronics NV (STM) +4.5% and Materialise Nv (MTLS) +3.7%.
Intercontinental Hotels Group Plc (IHG) fell 7.6% to $41.55 per
ADR. Loews Corp. (L) agreed to buy the Intercontinental Chicago
O'Hare Hotel from River Road Hotel Partners Llc, which filed for
bankruptcy five years ago.
Portugal Telecom SGPS Sa (PT) fell 4.1% to $3.51 per ADR after a
news report that two people had resigned from its board of
directors, possibly affecting its merger with Brazil's OI Sa
(OIBR), which fell 5.2% to $0.81.
European ADR decliners included Luxottica Group Spa (LUX) -1.5%,
Flamel Technologoies Sa (FLML) -1.5% and Shire Plc (SHPG)