ADR Report-ADRs flat as data offset gains in Europe, Asia

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On 21:18 GMT, Friday 6 November 2009

NEW YORK, Nov 6 (Reuters) - Overseas shares traded in the United States were little changed on Friday as weak U.S. jobs data offset gains in Europe and Asia markets.

The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) rose a bare 0.07 percent while the U.S. benchmark S&P 500 index closed up 0.3 percent.

The U.S. unemployment rate jumped to a 26-1/2-year high of 10.2 percent last month. The Labor Department said employers cut 190,000 jobs in October.

Taking some of the sting out of the report, job losses for August and September were revised to show fewer jobs were lost than previously reported.

The Bank of New York Mellon index of leading Asian ADRs shed 0.2 percent. In Asia, stocks rose on hopes of economic recovery, buoyed by oil prices that recovered to $80 a barrel.

New-York traded shares of Toyota Motor (Frankfurt: 853510 - news) shed 3 percent to $78.19. China Petroleum was down 0.1 percent at $88.34.

The Bank of New York Mellon index of leading European ADRs was up 0.1 percent. In Europe, shares closed up for the third consecutive session with banking stocks the major gainers. The FTSEurofirst 300 index of top European shares closed up 0.2 percent at 992.53 points in a choppy session, having earlier been up as much as 995.78 points and down as low as 979.69 points.

U.S.-traded shares of Barlcays PLC gained 2.3 percent to $22.52 and Credit Suisse gained 2.8 percent to $55.68. But Deutsche Bank AG fell 0.6 percent at $71.83.

Receipts with the Bank of New York Mellon index of leading Latin American ADRs ended down 0.2 percent. (Reporting by Angela Moon, Editing by Kenneth Barry)

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