RPT-Wall St Week Ahead: For stocks, high anxiety still rules

(Repeats column initially transmitted late on Friday, adding reference to European leaders meeting, IMF statement)

By Leah Schnurr

NEW YORK, Oct 12 (Reuters) - High anxiety on Wall Street won't subside this week as the deepening credit crunch pushes the global economy into recession, and corporate profits increasingly become an afterthought as investors scramble to raise enough cash to weather the credit crisis.

On the heels of a panic-riddled sell-off that caused the Dow industrials and the S&P 500 to plummet for eight days in a row, finance ministers and central bankers from the Group of Seven met on Friday -- followed by meetings of the Group of 20, International Monetary Fund, World Bank officials and European leaders over the weekend -- to discuss jammed credit markets and the staggering global economy.

While corporate earnings season gets into full swing this week, results will likely be on the back burner as investors struggle to see through the fog of fear that has engulfed the market.

Among financial institutions, JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), Citigroup (C.N: Quote, Profile, Research) and Capital One Financial Corp (COF.N: Quote, Profile, Research) are all expected to release results.

Investors also will get a reading on September inflation with the U.S. Producer Price Index on Wednesday and the Consumer Price Index on Thursday. September housing starts will be released on Friday.

But concerns that credit markets have not limbered up, despite a spate of moves to free up money from the Federal Reserve and other central banks, will remain the chief focus for market watchers.

"Normally, I would say we are entering earnings season. But this is purely an emotion-driven market," said Owen Fitzpatrick, head of the U.S. equity group at Deutsche Bank Private Wealth Management in New York.