Cabinet of French, German shares on the death of bin Laden (AFP)

PARIS (AFP) - French and German share morning packed in Exchange Monday the killing of Osama bin Laden and the potential effects on the reduction of the instability in the world, particularly in the Middle East, said traders.

Markets in London were closed for the Easter holidays.

In Paris, the CAC 40 index was showing a gain of 25.06 points to 4,132.18 points.

In Frankfurt, the main index gained DAX 0.88% to 7,580.31 points. Traders noted that the dollar had rallied and oil prices had softened since the announcement that US forces had killed bin Laden in Pakistan.

At brokers CM - CIC, an analyst, said: "expect a positive effect on the morale of the Americans, and that could have a positive effect on consumption."

Aurel brokers in Paris, economists were more cautious, saying that the price of oil was unlikely that fall much because the threat of attacks had not been removed and that on the contrary, the American authorities should reprisals in the coming months.

Analysts said investors soon turn their attention to the results of the first quarter yet to be published.

In the actions of the France in the Auto Group Renault increased 0.81% at 41.47 euros and shares in PSA Peugeot Citro?n of 30.88 EUR 0.73%.

This despite the trade data, showing that auto sales in France collapsed in April, with a fall of 19.1% for Renault and 21.1% for PSA as a Government grant for demolition of old cars ended.

In Frankfurt, shares of auto group BMW increased by 1.93% to 64.90 euros, stock 1.32% to 134.75 Volkswagen euros and stock of 1.40% to EUR 52.92 Daimler.