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.