03/05/2011

After ten years of stalking, here it comes : Ben Laden's death


cinezazab.com

Today, I would like to speak about Ben Laden's death as It has been an huge event all around the world, and even if it is not really linked with music or cinema, it is however kind of cultural.

On this Monday 2nd of May 2011, Barack Obama has announced the death of Al-Qaîda’s leader.

On the market, consequences are obvious.
 The dollars is suddenly raising.
 The death of the enemy number one in the US involves many reactions on the financial sector.
Increase of the dollars, fall of the oil, the change in America is expected to grow up. In Asia and Europe, all the market seem to delight of Ben Laden’s death as well.

The dollar is thus under 1,48 dollars (1,477 exactly) while it was 1,4864 two hours before.

The death of the big enemy push investors to buy dollars, whereas American’s money was falling down for these last few weeks.

Beside, oil prices fall back of 1,3% to 112,39 dollars on americans market.
The price of money is falling down of almost 13 % as well.
All the american contracts are already announcing a raise of almost 1% of the main indices.

All these consequences can be explained by the fact that the concerns are growing up in Moyen orient, which involves the fall of oil prices, while in the meantime it involves a relief in the US with much more interest for the dollars.

However, according to Daisuke Karakama, economist at Mizuho Corporate Bank, this news won’t support dollars for the long term. The FED politic is more important for dollars which will considered as a weak one compared to others moneys.

I think what happened last night shows us the end of the fear, and the feeling of waiting for something better in the futur, in politic as well as in economy and finance.