May 2, 2011 / 5:30 AM / 8 years ago

Europe Factors-Shares seen higher on news bin Laden killed

LONDON, May 2 (Reuters) - European shares were set to open higher on Monday, tracking gains in Asia and in U.S. stock index futures after the United States confirmed on Sunday that Al Qaeda leader Osama bin Laden was killed by a U.S.-led operation in Pakistan.

Germany’s DAX was expected to open up 61 points, or 0.8 percent and France’s CAC 40 was seen 30 to 32 points higher, or up 0.8 percent, according to financial spreadbetters.

Overall trading volumes, however, were expected to be thin as Britain’s market was closed for a holiday.

U.S. stock index futures extended gains while U.S. Treasury yields rose across the curve and gold slipped from record highs after U.S. officials said the body of Al Qaeda’s elusive leader has been recovered by U.S. authorities. [ID:nN01168438]

In Japan, Tokyo’s Nikkei average jumped above 10,000 for the first time since mid-March.

The pan-European FTSEurofirst 300 index of top European shares closed 0.3 percent higher at 1,156.81 points on Friday, up for the seventh straight session. ————————————MARKET SNAPSHOT AT0517GMT——————————-

LAST PCT CHG NET CHG S&P 500 1,363.61 0.23 % 3.13 NIKKEI 9,994.49 1.47 % 144.75 MSCI ASIA EX-JP 595.07 0.39 % 2.30 EUR/USD 1.4795 -0.21 % -0.0031 USD/JPY 81.49 0.47 % 0.3800 10-YR US TSY YLD 3.307 — 0.02 10-YR BUND YLD 3.241 — 0.01 SPOT GOLD $1,551.79 -0.76 % -$11.86 US CRUDE CLc1 $112.73 -1.05 % -1.20 ————————————————————————————————————————

* GLOBAL MARKETS-Stocks rise after news of Bin Laden death [ID:nL3E7G2050]

* US STOCKS-Dow posts best month in 2011 but Microsoft drags [ID:nN29175372]

* Nikkei tops 10,000 on news bin Laden dead, but top weighed [ID:nL3E7G20B0]

* Dollar stays frail, Aussie hits $1.10 but some see risk [ID:nL3E7G201G]

* PRECIOUS-Silver slips 10 pct, gold off record [ID:nL3E7G205A]

* Oil falls by 1 percent on news Bin Laden dead [ID:nL3E7G205K]

* METALS-Copper ends lower as techncials, econ woes bits [ID:nL3E7FT0UW]

(Reporting by Harpreet Bhal; Editing by Lincoln Feast)

Created by Lincoln Feast

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