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Microsoft Skype Deal

Discussion in 'Forex Daily News & Outlook' started by MTnews, May 10, 2011.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for May 10, 2011

    Headlines today swirled around the deep pockets of Microsoft making
    an all cash offer for Skype - the Internet video-phone-service provider - to the tune of $8.5 Billion! (read more at Millennium-Traders.Com)
    http://www.millennium-traders.com/news/newscommentary.aspx

    Economic data released today:

    Import Price Index: U.S. April Petroleum Import Prices +7.2%; U.S. April Non-Petroleum Import Prices +0.6%; U.S. April Import Prices +2.2%; Consensus +1.7%

    IBD/TIPP Economic Optimism: U.S. May IBD/TIPP Economic Optimism Index 42.8 Vs 40.8 In April; U.S. May IBD/TIPP 6-Month Economic Outlook 42.3

    Wholesale Inventories: U.S. March Wholesale Inventories +1.1%; Expected +1.0%


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