ADR Report-ADRs slip on financial, mining sectors

NEW YORK, March 10 (Reuters) - Overseas shares traded in the United States fell for a third consecutive session on Monday as fears of a U.S. recession weighed on financial sector companies and lower metals prices knocked mining companies.

The Bank of New York's index of leading American Depositary Receipts (ADRs) .BKADR was down 1 percent, while the 30-share Dow Jones industrial average .DJI slipped 0.5 percent.

Shares of the global mining company BHP Billiton Ltd/Plc (BHP.AX: Quote, Profile, Research)(BLT.L: Quote, Profile, Research) were down 4.3 percent to $67.85, the biggest weight on the ADR index, as copper prices slid to a two-week low and platinum prices were the lowest in a month.

The 3.2 percent decline in copper futures HGc1 was so far the biggest daily drop since January 23.

A report on Friday showing the second straight month of U.S. non-farm job declines in February, the first back-to-back monthly contraction since 2003, confirmed for many investors that a recession has arrived.

As a result of darkening views on the economy and the swirling credit crisis, Wall Street banks Citigroup (C.N: Quote, Profile, Research) and JPMorgan (JPM.N: Quote, Profile, Research) dragged down the Dow. Bank ADRs followed suit with Deutsche Bank AG (DBKGn.DE: Quote, Profile, Research) down 2 percent and UBS AG (UBSN.VX: Quote, Profile, Research) off 3 percent.

Tobacco and food ADRs, a sector that normally performs well during periods of economic turbulence, were relatively little changed.

The Bank of New York's index of leading European ADRs .BKEUR was down 0.6 percent. In Europe, shares dropped 1.1 percent .

The Bank of New York's index of leading Asian ADRs .BKAS was down 1.2 percent. The Nikkei .N225 fell 2 percent overnight to the lowest close in 2-1/2 years.