Global stocks enjoyed a moderately bullish session as the news of the death of Osama bin Laden, merger activity in the US and some encouraging economic figures combined to keep momentum positive.
However, trading was volatile elsewhere as an initial rally for the dollar fizzled out and oil prices rapidly recovered from an early sell-off. Activity was subdued by market holidays in the UK and several Asian centres.
Most analysts took the view that the death of the al-Qaeda leader would have only a short-term effect.
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