News

International Stocks Trading Higher

1 Mins read

The international stocks trading in New York closed higher on Friday. Here is a breakdown of the performance of different indices:

S&P/BNY Mellon Index

  • American depositary receipts: 151.84 (+0.7%)

European Index

  • Fractional increase: 145.91

Asian Index

  • Rose by 1.5%: 176.64

Latin American Index

  • Increased by 2%: 204.50

Emerging-Markets Index

  • Gained 2.1%: 294.37

Notable Companies:

Alibaba Group Holding

ADRs of Alibaba rose by 8% to $90.55 following China’s financial regulators imposing a nearly $1 billion fine on Ant Group, in which Alibaba owns a one-third stake. This development brings Ant Group closer to the end of its long-running business overhaul.

Coca-Cola HBC

ADRs of Coca-Cola HBC saw a 6.8% increase, reaching $30.60, after the company raised its profit outlook for the year due to a stronger-than-expected performance in June.

Shell

ADRs of Shell rose by 1.9% to $59.65 after the company provided an update on its quarterly outlook, including projections for a working capital gain of between $2 billion and $6 billion. Analysts believe this news should give investors confidence in Shell’s continuing pace of share buybacks, despite softening market conditions.

Related posts
News

Your Social Security Checks are Safe

2 Mins read
Don’t worry, the impending federal government shutdown will not put your monthly Social Security checks in jeopardy. This is certainly a relief…
News

European Stocks Experience Decrease

1 Mins read
The European stock market saw a decline on Friday, with the Stoxx Europe 600 index finishing down 0.31% at 453.26. Individual Index…
News

Positive Results for Cancer-Drug Combination in Bladder Cancer Study

1 Mins read
A recent Phase 3 study conducted by Merck & Co., Seagen, and Astellas Pharma has achieved its primary goals in certain patients…

Leave a Reply

Your email address will not be published. Required fields are marked *