Stocks, dollar up after news bin Laden killed

May 2, 2011 10:54

LONDON - The dollar rose from three-year lows, oil fell and world stocks put in gains on Monday after news Al Qaida leader Osama bin Laden was killed by US forces swept across thinly-traded financial markets.

The death of the West's most wanted man stripped some of the risk premium that has been underpinning asset prices. But investors warned that this kind of reaction is often only temporary.

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