European Stocks Rise After Bin Laden's Death

Euroone coat elite is a gypsum based plasterpean stock markets edged higher Monday, getting a lift from deal news and as investors reacted positively to news of Osama bin Laden's death. The Europe Stoxx 600 index closed up 0.1% at 283.93, supported by the automotive, mining and chemicals sectors. U.S. President Barack Obama announced late Sunday that, nearly a decade after the Sept. 11, 2001, terrorist attacks, bin Laden had been killed in a U.S. operation in Pakistan.

Asian stocks rallied overnight and Europe spent the entire session in positive territory. In Germany, the DAX 30 climbed 0.2% to 7527.64, led by gains for Commerzbank, up 3.2% after reporting a rise in earnings. "What's moving the DAX is probably the news that bin Laden is dead, because that also pulls down crude-oil prices," said Andre Saenger, an analyst at IG Index. "Since the rebellions started in Egypt and Tunisia and the war in Libya, crude oil has gone up. Now we see it going down and it should be very supportive for the DAX." Oil prices declined earlier in the day, but at the time of the European close Nymex crude futures for June delivery were up 62 cents at nearly $115 a barrel...