Quick Overview

• U.S. consumer prices were unchanged in April and down 0.7% YoY
  

• U.S. industrial production fell 0.5% in April
  

• The University of Michigan's consumer sentiment index rose from 65.1 to 67.9
  

• The N.Y. Federal Reserve regional index of manufacturing rose from -14.65 to -4.55.
  

• (Reuters) - General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
  

• GDP in the Euro area fell 2.5% QoQ and down 4.6% YoY
  

• Consumer prices in the Euro area rose 0.6% YoY
  

• Canada’s manufacturing sales fell 2.7% in March
  

• Germany’s GDP fell 3.8% in Q1
  

• GDP in France fell 1.2% Q1.
  

• GDP in Hong Kong fell 4.3% in Q1.
  

• The International Sugar Organization expects a 2009-2010, world production deficit of 4.75 million tons.
  

• (Reuters) - U.S. President Barack Obama on Friday revived the system of Guantanamo military trials for foreign terrorism suspects, angering supporters who said he had broken a promise to end the controversial tribunals set up by the Bush administration.