Thursday, May 14, 2009

Quick Overview

  • U.S. producer prices rose 0.3% in April, but fell 3.7% YoY -- the biggest YoY decline in 59 years.

  • U.S. jobless claims rose by 32,000 to 637,000 last week.

  • US carmaker Chrysler tells a bankruptcy court that it plans to close 789 of its 3,200 dealerships.

  • The number of home loans in the UK rose by 29% in March, according to lenders.

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