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U.S. Week Ahead: Kraft's earnings, possible updates on split

Friday, February 17, 2012 - 02:10

Feb. 17 - Kraft is reporting earnings on Tuesday. Reuters Correspondent Martinne Geller says investors are looking for any update on its plans to split into two companies.

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Here is -- US week ahead existing. Home sales data for January due out Wednesday. Economists polled by Reuters looking for the recent signs of improvement to continue -- consensus expecting a gain of 1% which would mark the second straight monthly increase in December US existing home sales hit an eleven month high. Other economic reports expected include the Federal Housing Finance Agency data on home prices out on Thursday. With the weekly initial jobless claims he. And -- final February reading of the Thomson Reuters University of Michigan consumer sentiment index is out on Friday. It's expected to show was lighting during several household brands reporting quarterly results including Kraft Foods on Tuesday. Wall Street is expecting a higher profit company has seen double you're free your revenue growth for the past four quarters. Kraft Foods already reported a slightly stronger than expected full year tiny land and so -- have a pretty good idea what to expect for the fourth quarter. Since the company is giving its presentation and the annual consumer and -- -- confidence -- grades on Florida. I think Wall Street is looking more forward to hearing an update on the company's progress. And it's encouragement to -- Computer companies and retailers among other firms reporting results they include Dell Wal-Mart. And target. Investors will be focusing on results from the holiday season from Wal-Mart and it started sales early rock actually away and match competitors' prices. And tried to back shop. And finally got Bennett takes on the Big Apple for that presidents come to New York to speak and the US monetary policy -- And bank of Saint Louis president James aren't -- San Francisco fed president John Williams. I did talk about housing monetary policy and economic recovery. President Charles -- in New York fed president William Dudley will take part in eight fiscal challenges panel that. Also Bank of Canada Governor Mark Carney will give the speech and event. That's your week ahead and I'm rockets that this is right here.

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U.S. Week Ahead: Kraft's earnings, possible updates on split

Friday, February 17, 2012 - 02:10