Steinhoff Citigroup News Today : Breaking News, Live Updates & Top Stories | Vimarsana

End of the tuesday session. We are up for the second day in three today. Basic resource stocks are falling. Oil stocks are falling for the first day in 10. Earnings driving the rally in the u. S. We have the worlds biggest maker of highend chocolates today missing its already reduced sales growth target thanks to poor demand in north america. It said it was optimistic for the outlook. It did confirm its midterm target. Completing the acquisition of russell stover, the biggest maker of boxed chocolate. The third biggest producer in the region. Shares have lifted by 3. 5 today. Lets talk about the correlation between the euro and euro zone stocks. The negative correlation between the single currency and eurozone stocks to the lowest level since early august. Bottom line is the negative correlation. Not as low as it was. Interesting growth momentum is the most important driver of aggregate earnings. Goldman sachs expects a 1 interest in gdp weighted according to sales exposure. Adds 11 ba ....

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