Many markets across the globe are closed for a holiday on Monday The US dollar has rebounded, and stock markets have gained in Asia after US President Barack Obama said Osama Bin Laden was dead.
Oil prices slid more than 1%, while the price of gold and silver also dropped.
Analysts said Bin Laden’s death was likely to lower security risks, and would help lift consumer sentiment in the US.
However, they warned that it would do little to ease the longer-term risks hanging over the US and global economy.
“There is some feel-good value and the market will like that,” said Chip Hanlon of Delta Global Advisors.
But he added that: “It doesn’t change much about the energy situation and doesn’t change much about the ongoing battle with radical Islamists.”
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