ADRs End Lower; ArcelorMittal, Barclays Trade Actively
21 Februar 2023 - 11:33PM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed lower on
Tuesday.
The S&P/BNY Mellon index of American depositary receipts
edged down 1.1% to 151.09. The European index ticked down 0.4% to
146.89. The Asian index retreated 2.2% to 174.64. The Latin
American index slipped 1.7% to 189.54, while the emerging-markets
index tumbled 2.7% to 289.26.
ArcelorMittal SA was among those whose ADRs traded actively.
The steelmaker edged down 0.2% despite the possibility that it
may soon renew operations at its idled Fos-sur-Mer blast furnace in
the south of France as market conditions improve in Europe. "Signs
of a recovery in demand in our markets allow us to envisage a
return to two blast furnaces - at a minimum capacity - in April," a
spokesperson for ArcelorMittal in France said.
U.K. bank Barclays PLC moved down 1.1% after the company said
that it will implement a 1-for-4 reverse split of its iPath Series
B S&P 500 VIX Short-Term Futures ETNs.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 21, 2023 17:18 ET (22:18 GMT)
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