Not very likely. Given the odds of “blow-back” reprisals by his followers, it may even be a net negative for markets in the next few months… The course of the wars in Afghanistan and Iraq are unlikely to be altered in a major way by the news as Bin Laden has been marginalized for years.
US equity futures got a lift from the news overnight and the buck rallied briefly, but now we are back to business as usual, mostly.
Oil markets are lower this morning, down $1.85 to $112.05. Gold is off earlier lows, now at $1155. Solver is at $45.25, up from $42.72 lows overnight.
