Forex Pros - European stock markets were broadly higher in thin holiday trade on Monday, after President Barack Obama confirmed that al-Qaeda leader Osama bin Laden had been killed by U.S. forces in Pakistan, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 climbed 0.3%, France's CAC 40 rose 0.4%, Germany's DAX 30 jumped 0.85%, while London's FTSE 100 remained closed for a holiday.
President Obama announced late Sunday in an address from the White House that Osama bin Laden had been killed in a targeted assault outside Pakistan's capital, Islamabad, ending a nearly ten-year worldwide hunt for the mastermind of the September 11 attacks.
Shares in the airline sector performed strongly after crude oil prices retreated from a 31-month high. Europe's largest airliner Deutsche Lufthansa saw shares rise 1.2% while Air France-KLM added 1%.
Automakers also performed strongly, with Volkswagen climbing 1.3%, rival BMW saw shares advance 2%, while Daimler jumped 1.9%. French automakers Renault and Peugeot saw shares add 1.35% and 1.3% respectively.
Meanwhile, shares in the world's largest food-ingredients company Danisco jumped 3.2% after U.S. chemicals group DuPont late Friday raised its offer for the Danish firm to USD6.64 billion.
On the downside, Dutch parcel delivery company TNT saw shares slump 3.7% after reporting a 14% drop in first quarter net profit to EUR123 million, as its express unit continued to struggle because of higher oil prices.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from payrolls processing firm Automatic Data Processing and hotel operator Loews.
The Dow Jones Industrial Average futures pointed to a gain of 0.41%, S&P 500 futures indicated a rise of 0.44%, while the Nasdaq 100 futures added 0.45%.
Later in the day, the U.S. Institute for Supply Management was to publish its manufacturing PMI.