"Equity benchmarks in the US hit record highs yesterday, as they did in London and Frankfurt. Crude oil prices slipped as President Trump said Venezuela would turn over oil to the US, pushing the FTSE 100 lower on Wednesday after it notched a record high Tuesday, whilst miners were down as copper, silver and gold pulled back a touch, though iron ore rose for a fourth day."
"Greenland - the US is not ruling out using the military to take the island, according to a statement from the White House yesterday...the bully boy tactics means it won't have to. The US is in control of its future now. But just how likely is it that Greenland becomes part of the US and what impact does it have? A lot depends on how it goes about it - a purchase (even with the implicit threat of force) would hardly mean the end of Nato."
Equity benchmarks in the US, London and Frankfurt reached record highs while crude oil prices slipped after President Trump said Venezuela would turn over oil to the US. Chevron and Exxon Mobil fell as optimism over a Venezuela premium cooled, while refiners and oilfield services appeared positioned to benefit. Markets reacted to geopolitical developments including US comments on potentially using military force over Greenland, talk of regime change in Iran, and Russian naval movements near a pursued oil tanker. Defense stocks and rare earth minerals gained relevance as potential beneficiaries of heightened tensions, while markets showed signs of complacency.
Read at London Business News | Londonlovesbusiness.com
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