Although Venezuela isn’t a top-20 crude producer, any persistent increase in oil prices and its inflationary impact on economies pose a risk for markets. Wall Street strategists are generally optimistic about stocks this year, but escalating tensions stand to test the resilience of global equities after their best annual return since 2017. “The capture of Maduro can create a short-term risk-off sentiment in Asian markets, mainly through higher oil prices and a rise in geopolitical risk premium,” said Jung In Yun, chief executive officer at Fibonacci Asset Management Global in Singapore.Read More
Stocks, Bonds Set for Jittery Start on Venezuela: Markets Wrap
