ADRs End Mixed; Sanofi Trades Actively
05 Ottobre 2017 - 11:41PM
Dow Jones News
By Austen Hufford
International stocks trading in New York closed mixed on
Thursday.
The BNY Mellon index of American depositary receipts was largely
flat at 149.25. The European index was little changed at 139.17.
The Asian index firmed 0.2% to 172.07. The emerging-markets index
declined 0.2% to 259.15. The Latin American index slipped 0.2% to
259.15.
Spanish banks were among those with ADRs that traded
actively.
Spanish bank stocks recovered somewhat after a top court in the
country suspended Catalonia's planned parliamentary session on
independence. They fell Wednesday amid growing political tension
between Madrid and Barcelona over the independence referendum. ADRs
of Banco Santander SA (SAN, SAN.MC) advanced 2.3% to $6.70 and
Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) rose 2.1% to
$8.51.
ADRs of Sanofi SA (SNY) climbed 1.2% to $50.61 as a U.S. federal
appeals court said that it and Regeneron Pharmaceuticals Inc. can
continue selling their cholesterol drug, dealing a blow to rival
Amgen Inc., which had accused the companies of violating its
patents.
ADRs of EDAP TMS SA (EDAP) continued to rise Thursday after the
U.S. Food and Drug Administration approved its Ablatherm-Fusion
device, allowing for a more precise method of targeting diagnosed
areas. ADRs rose more than 11% to $3.39.
ADRs of GOL Linhas Aereas Inteligentes SA (GOL) rose 4.7% to
$23.90 after the company released preliminary results for its
latest quarter. Passenger unit revenue for the third quarter is
expected to rise 6% to 6.5%.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
October 05, 2017 17:26 ET (21:26 GMT)
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