US-listed shares of overseas companies edged up on Friday, with banks mostly higher as investors were increasingly optimistic that leaders are closer to containing the eurozone debt crisis. Shares of ING Group gained 3.2 percent to $7.42 in New York, while shares of Barclays were up 2 percent at $10.40. Shares of Credit Suisse gained 2.5 percent to $26.12.
Swiss bank UBS jumped 4.1 percent to $11.85, after falling sharply on Thursday when the bank said it had lost $2 billion due to unauthorised trades. US Treasury Secretary Timothy Geithner urged EU finance ministers on Friday to leverage their bailout fund to better tackle the debt crisis, and to start speaking with one voice, but there was no agreement on what steps to take.
After the US stock market's close, Moody's, in a statement, left Italy's Aa2 foreign sovereign currency credit rating unchanged but reiterated that it remained on review for a possible downgrade. Among Italian ADRs, Eni declined 1.5 percent to $37.80. Gold mining companies also gained as the precious metal's price rose. Spot gold was up 0.9 percent at $1,804.70 an ounce.
Shares of South Africa's AngloGold Ashanti Ltd advanced 3 percent to $47.62. Shares of Canada's Barrick Gold Corp rose 1.3 percent to $53.58. The BNY Mellon index of leading American Depository Receipts ended up 0.1 percent, its fourth straight day of gains. It rose 3.2 percent for the week, its best weekly percentage advance since early July. The Standard & Poor's 500 index rose 0.6 percent, its fifth straight day of gains. The BNY Mellon index of leading European ADRs slipped 0.1 percent, while the BNY Mellon index of leading Asian ADRs was up 0.7 percent.
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