http://www.cnbc.com/id/42872032
The euphoric scenes that met the death of Osama Bin Laden will not boost President Barack Obama's re-election hopes, according to Alastair Newton, a political analyst at Nomure in London.
âThe immediate reaction in the US notwithstanding, 'normal business' will soon be resumed in US politics. There will be no change on the fiscal/debt polarization and contrary to some commentators' reaction, definitely no election boost for Obama,â said Newton in an interview with CNBC on Tuesday.
With little or no operational control over al-Qaeda in recent years, Newton believes Osamaâs death will have little impact on the terror groupâs ability to mount attacks.
âBin Ladenâs role as head of al-Qaeda seems to have been largely symbolic for some years now, he was not responsible for operational planning and decision-making,â he added.
Following the brief rally on news of Bin Ladenâs death, stocks gave up gains and Newton told CNBC that he agrees with the market reaction.
âThere is no readily identifiable substantive reason for the market rally which the announcement of his bin Ladenâs death triggered,â he said.
âThe US and UK authorities, among others, are, in my view, wise to warn of a possible increase in the terrorist threat and of a possible civil unrest threat to western embassies etc in some countries, the terrorism risk may rise,â Newton added.
The euphoric scenes that met the death of Osama Bin Laden will not boost President Barack Obama's re-election hopes, according to Alastair Newton, a political analyst at Nomure in London.
âThe immediate reaction in the US notwithstanding, 'normal business' will soon be resumed in US politics. There will be no change on the fiscal/debt polarization and contrary to some commentators' reaction, definitely no election boost for Obama,â said Newton in an interview with CNBC on Tuesday.
With little or no operational control over al-Qaeda in recent years, Newton believes Osamaâs death will have little impact on the terror groupâs ability to mount attacks.
âBin Ladenâs role as head of al-Qaeda seems to have been largely symbolic for some years now, he was not responsible for operational planning and decision-making,â he added.
Following the brief rally on news of Bin Ladenâs death, stocks gave up gains and Newton told CNBC that he agrees with the market reaction.
âThere is no readily identifiable substantive reason for the market rally which the announcement of his bin Ladenâs death triggered,â he said.
âThe US and UK authorities, among others, are, in my view, wise to warn of a possible increase in the terrorist threat and of a possible civil unrest threat to western embassies etc in some countries, the terrorism risk may rise,â Newton added.
