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Stocks rise after bin Laden report; oil slides

News18test sharma |

Updated: May 2, 2011, 9:12 AM IST
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Stocks rise after bin Laden report; oil slides
Asian stocks rose and US stock index futures extended gains after reports of Osama's death.

Sydney: Asian stocks rose on Monday and US stock index futures extended gains on the back of media reports that Osama bin Laden was dead.

US crude slid more than 1 per cent to $112.51 a barrel after CNN reported that Al Qaeda's elusive leader Osama bin Laden was dead and his body has been recovered by US authorities.

US stock index futures rose 0.9 percent and MSCI's gauge of Asian stocks excluding Japan.

US Treasuries fell, pushing yields higher across the curve. The 10-year yield climbed 2.4 basis points to 3.314 percent.

First Published: May 2, 2011, 9:12 AM IST
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