LONDON -- European equity markets are starting the week on a mixed and somewhat flat note for the most part Monday, with sentiment dented after Japan posted slower-than-expected GDP growth data overnight. This has added to concerns about the global economy following China's soft export numbers last week, although in Europe, confidence that the central bank will intervene in the debt markets and hold the euro together is muting losses. Futures trading shows U.S. indexes are set to follow a similar pattern to those in Europe, with premarket trade pegging the S&P 500
As always, within this mixed session there are some individual names that are outperforming. Here are three American depositary receipts that are set to beat the S&P today.
Coca Cola Hellenic Bottling
The Greek bottling arm of Coca Cola
Bank of Ireland
Bank of Ireland is bouncing back amid a surge of bargain hunting today following the last session's sharp losses. The company announced last week that its pre-tax loss almost doubled from that of the first half, causing its shares to plummet more than 6% on Friday. This has attracted some buying opportunities this morning, leading the company's shares to climb almost 2.2%.
The Dutch financial is up 1.5% today, boosted by two successful bond sales for the company over the past few days -- one in euros and one in yen. The company issued 10 million euros at 2.275% and 2 billion yen on a floating three-year note toward the end of last week. Meanwhile, the potential sale of its Canadian bank is keeping sentiment strong, with the deal set to be the largest the country has seen in 13 years.
Despite the ongoing eurozone troubles, this morning's European trading did provide some winners -- and perhaps some European buying opportunities. Indeed, legendary investor Warren Buffett has recently spent more than $1 billion buying the stock of a prominent European large cap. If you want to know why Buffett has bought into Europe, this special Motley Fool report -- "The One European Share Warren Buffett Loves" -- reveals everything, including the price he paid. You can download the report today for free, but hurry -- the report is available for a limited time only.
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Karl Loomes does not own any share mentioned in this article. The Motley Fool owns shares of Bank of Ireland and Coca-Cola. Motley Fool newsletter services have recommended buying shares of Coca-Cola. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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