Q1 2024 Rexford Industrial Realty Inc Earnings Call
The European Central Bank is poised to order Italy's UniCredit to cut back business with Russia, two people with knowledge of the discussions said, as the regulator exerts pressure to choke off European financial ties with Moscow. The demands on the second-biggest European bank in Russia would be similar to what the supervisor wants from Raiffeisen Bank International (RBI), the biggest Western bank in the country, the people said, requesting anonymity because the matter is confidential. On Thursday, Austria's RBI said the ECB will ask the lender to cut lending in Russia as well as payments within a set timeframe.
Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year. The companies are seen as important bellwethers due to dominant positions atop their industries, while heavy index weightings give their share price moves an outsize influence on benchmarks such as the S&P 500.