European ADRs Leading The Surge For U.S. Equities (ALU, MT, BHP, DB, FTE, PHG, NOK, NBG, SI, TI, UBS)

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By Jon C. Ogg Updated Published
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Friday’s bounce in the U.S. is continuing based on the fact that there was no significant negative news or negative developments over the weekend. On the day we were down last week it was many of the key ADRs leading the U.S. lower.  Today most of those ADRs are leading the charge higher.

We have shown the New York trading indications as well as the trading indication on the local markets for these to adjust for off-clock similar trading the prior day and for currencies.

Alcatel-Lucent (NYSE: ALU) is indicated up 3% at $3.00 but no real ADR volume yet; shares are up 3.2% in local markets.

Arcelor Mittal (NYSE: MT) +4% at $15.96.

BHP Billiton Ltd. (NYSE: BHP) +1.4% at $68.68.  Shares up 0.6% in U.K. (although Australia based).

Deutsche Bank AG (NYSE: DB) +8.6% at $34.03; shares are up down 9.6% in local markets.

France Telecom (NYSE: FTE) up 27% at $16.11; shares up 3.5% in local markets.

Koninklijke Philips Electronics NV (NYSE: PHG) shares are indicated up 4% but no volume yet.

Nokia Corporation (NYSE: NOK) up 4.5% at $5.48.

National Bank of Greece SA (NYSE: NBG) is actually down 1% at $0.79, a sign that the det rating downgrade on Friday might not have been as one-off as everyone hoped.

Siemens AG (NYSE: SI) up 3.6% at $91.39. Shares are up 3% in local trading.

Telecom Italia SpA (NYSE: TI) shares are indicated up 2% at $10.52 but no volume; shares are up 3% in local markets.

UBS AG (NYSE: UBS) is up 3.5% at $11.64; shares are up 4% in local markets.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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