Adidas, KarstadtQuelle, Premiere, Telekom: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall in German markets.

Germany's X-DAX Index climbed 0.5 percent to 7511.95. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX increased 0.5 percent to 7475.99 on the Xetra electronic-trading system.


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UPDATE 1-Greek Coca-Cola HBC Q1 net profit beats forecasts

(Reuters) - CCHBC, the world's second-largest bottler of Coca-Cola drinks, said on Thursday net profit rose to 25.4 million euros from 5.6 million in the same period in 2006.

Net profit had been forecast, on average, at 21.8 million euros in a Reuters poll of 11 analysts.


Read more at Reuters.com Market News

China's Shares, at Record High, May Face `Correction,' Goldman Sachs Says

(Bloomberg) -- China's stocks, which accounted for half the trading in Asia yesterday, may face a ``correction'' as earnings can't justify the rally that's made them the world's biggest gainers this year, according to Goldman Sachs & Co.

China's CSI 300 Index, which tracks yuan-denominated A shares listed on the country's two exchanges, has climbed 85 percent in dollar terms in 2007, the best performance among 90 stock benchmarks tracked by Bloomberg. It's also the world's most expensive key stock index, at 42 times reported earnings, more than double the Morgan Stanley Capital International Asia Pacific Index's 19 times.


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Bank of England Will Probably Lift Rate to Six-Year High to Stem Inflation

(Bloomberg) -- The Bank of England will probably raise its benchmark interest rate to a six-year high today to contain the fastest inflation in a decade, a survey of economists shows.

The nine-member Monetary Policy Committee will increase the Bank Rate a quarter-point to 5.5 percent, the highest since April 2001, said all 61 economists in a Bloomberg News survey. The bank announces the decision at noon in London. Eleven of 43 economists predict another move to 5.75 percent by the end of the year.


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Philippine Export Growth Unexpectedly Accelerates to Highest Ever in March

(Bloomberg) -- Philippine export growth unexpectedly accelerated to the highest level ever in March, adding to signs growth in the Southeast Asian economy may speed up.

Overseas sales increased 10.6 percent to a record $4.57 billion from a year earlier, the National Statistics Office said in Manila. That follows a 7 percent gain in February. The median estimate of 12 economists in a Bloomberg News survey was for a 4.5 percent rise.


Read more at Bloomberg Emerging Markets News

UPDATE 1-Vector Aerospace profit dips, but upbeat on 2007

(Reuters) - The company, which specializes in repairing and overhauling airplanes and helicopters, said it had a net profit of C$3.2 million , or 8 Canadian cents a share, in the latest quarter, down from a profit of C$3.6 million, or 10 Canadian cents a share, in the year-before period.

Revenue rose 3.7 percent to C$83.1 million from C$80.1 million.


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US's Paulson: Support for foreign investment wanes

(Reuters) - "Regrettably, I've seen signs that this consensus is beginning to erode here and elsewhere in the world," he said, adding that he intended to "go on the offense and make it very clear that we're open for foreign investment and we appreciate the benefits of foreign investment."

Paulson was scheduled to participate in a panel discussion at a Washington university on Thursday that aims to highlight how foreign investment supports U.S. jobs and growth.


Read more at Reuters.com Business News