AP – The death of al-Qaida leader Osama bin Laden has helped lift the mood in the markets all around the world Monday at the start of an extremely busy week of economic news.
President Barack Obama’s announcement that the man who inspired the deadly Sept. 11, 2001, terror attacks in the United States had been killed in an operation by special forces in Pakistan, prompted an increase in investors’ appetite for risk. That usually benefits assets like stocks but dents widely-considered financial safe havens, such as gold.
Despite the knee-jerk response to news of bin Laden’s death, analysts said the markets will soon turn towards more fundamental matters for their direction, such as the state of the global economic recovery and how central banks respond to the threat of higher inflation.
