ADR Report-ADRs inch up; BP shares jump late

By Caroline Valetkevitch

NEW YORK, July 15 (BestGrowthStock) – U.S.-listed shares of
overseas companies edged up on Thursday, reversing late in the
day, with shares of BP Plc (BP.L: )(BP.N: ) jumping as it said no
oil was leaking in the Gulf of Mexico from its blown-out well.

The BNY Mellon index of leading American Depositary
Receipts (ADRs) (.BKADR: ) rose 0.4 percent, while the U.S.
benchmark S&P 500 index (.SPX: ) added 0.1 percent.

BP shares rose 7.6 percent to $38.92 in New York after a
company executive said no oil was leaking from its Macondo well
for the first time since late April, when the blow-out
occurred.

Among the day’s economic data, the U.S. Philadelphia
Federal Reserve Bank said factory activity in the mid-Atlantic
region fell unexpectedly, while the New York Federal Reserve
Bank said New York manufacturing hit the lowest since December
2009.

The data kept a lid on gains, as it added to worries about
the global economy.

Shares of Mexican cement company Cemex (CX.N: ) declined 1
percent to $9.85.

The BNY Mellon index of leading European ADRs (.BKEUR: ) was
up 1.2 percent. The pan-European FTSEurofirst 300 (.FTEU3: )
index of top shares closed 1.1 percent lower at 1,033.56
points.

The BNY Mellon index of leading Asian ADRs (.BKAS: ) slipped
0.6 percent. In Japan, the benchmark Nikkei (.N225: ) shed 109.71
points to 9,685.53.

Receipts with the BNY Mellon index of leading Latin
American ADRs (.BKLA: ) dipped 0.6 percent.

(Editing by Kenneth Barry)

ADR Report-ADRs inch up; BP shares jump late