International stocks trading in New York finished Monday mostly higher.

The BNY Mellon index of American depositary receipts rose 0.5%, to 138.27. The European index was up 0.8%, to close at 128.90. The Asian index fell about 0.3%, to 158.38, but the Latin American index was 0.4% higher, closing at 245.35. The emerging markets index decreased 0.2%, to 291.21.

 

The ADRs for major oil companies traded actively on Monday, as sanctions on the oil industry in Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, took full effect. The ADR for BP plc (BP) rose 2.4%, to $42.61, while the ADR for Petroleo Brasileiro SA (PBR) was up 1.8%, to $16.42. The two ADRs associated with Royal Dutch Shell Plc (RDS.A, RDS.B) were both up 1.8%.

The ADR for STMicroelectronics NV (STM) also traded actively on Monday, falling 3.8%, to end at $15.21. The ADR fell even as the semiconductor company announced a new $750 million share buyback program that may last up to three years. That effort will cover the company's ADRs trading on the New York Stock Exchange, as well as shares trading on European exchanges.

 

Write to copydesk@dowjones.com

 

(END) Dow Jones Newswires

November 05, 2018 17:49 ET (22:49 GMT)

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