Sunday, April 15, 2007

Wall St. Week Ahead (Reuters)

NEW YORK, April 15 (Reuters) - This week could be make-or-break time for Wall Street's push to recover from the market's slide in late February, with earnings due from bellwethers such as Citigroup Inc. (C.N: Quote, Profile , Research) and the release of the Consumer Price Index.

Outlooks accompanying this week's results will be crucial because investors are eager to determine the extent of the fallout from the housing slowdown and the wave of delinquencies and foreclosures in the subprime mortgage market.
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On Tuesday, the Street will get three economic reports for March that will merit close scrutiny for clues on inflation and the economy's health: the U.S. Consumer Price Index, housing starts and industrial production. March retail sales come out on Monday.

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