Markets went up in reaction to Barack Obama’s announcement Sunday night that the Al-Qaeda leader Osama bin Laden had been killed, despite uncertainties as far as what this news will mean geopolitically.
The Dow Jones has tended to stay rather flat on the seven previous occasions when there have been royal weddings, Chris Zwermann’s, global strategist at Zwermann Financial, told CNBC Friday.
The mining industry has been caught by natural disasters in the Pacific region, an intense mergers and acquisitions environment and emerging countries eyeing to get a hold on commodities resources, Evy Hambro, MD and CIO of the natural resources team at BlackRock told CNBC.
General unrest in the Middle East has had a "dramatic impact on oil prices," the chief executive of a major South African mining and energy company said Thursday—and he makes no secret of the fact that that's good news for his firm.
The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.