Wednesday, 4 May 2011

Bin Laden Death Affecting World Markets?

The impact to financial markets as a result of the death of Osama Bin Laden has been mixed.

Initially external business experts recorded a drop in oil prices and a rally in global stock markets, however most of the positives turned out to be temporary after investors concluded that the death would not play an huge role in the global economy.

Global markets initially jumped up more than 1.5% in Tokyo (Nikkei) and 0.7% in Germany (DAX).

The Financial Time also reported the exact figures, showing how oil prices have fluxuated with the events in recent days. Brent Crude declines in price by 0.6% knocking barrels down to $124.30 each. The Dow Jones peaked at 12,876 but dropped at close of session to 12,807.

City of London financial experts reported similar happenings on the London Stock Market, concluding that any changes in the market were only temporary and had likely passed.

No comments:

Post a Comment