By Mia Lamar
International companies trading in New York closed sharply
higher Tuesday after the Dow Jones Industrial Average surged to a
new record.
The Bank of New York index of ADRs rose 1.1% to 136.03.
Risk-senstive financial shares were among the biggest gainers.
Germany's Deutsche Bank AG (DB, DBK.XE) rose 1.8% to $44.29,
Switzerland's Credit Suisse Group AG (CS, CSGN.VX) added 2.4% to
$26.54 and France's Credit Agricole SA (CRARY, ACA.FR) rose 1.5% to
$4.65.
The European index climbed 1.2% to 127.80.
Daimler AG (DDAIY, DAI.XE) Chief Executive Dieter Zetsche said
the company is continuing to expand, despite shrinking demand for
cars. Mr. Zetsche was speaking on the sidelines of the Geneva Motor
Show. "We are still growing in a declining market," he said. Shares
rose 2.9% Tuesday to $60.61.
The Asian index rose 1% to 137.56.
Australian stocks made a comeback Tuesday, as local sentiment
was helped by stronger-than-expected retail sales data, as well as
encouraging current account data for the fourth quarter of
2012.
Alumina Ltd. (AWC, AWC.AU) shares rose 2.6% to $4.69 after
logging a drop of more than 4% on Monday. Shares of Sims Metal
Management Ltd. (SMS, SGM.AU) gained 1.5% to $10.57.
The Latin American index rose 0.5% to 325.52 while the
emerging-markets index gained 0.8% to 285.86, lagging the day's
gainers.
Brazilian state-run energy giant Petroleo Brasileiro (PBR,
PETR4.BR), or Petrobras, managed to eke out a gain of 0.3% to close
at $14.49 on rising global oil prices.
-Write to Mia Lamar at mia.lamar@dowjones.com