LONDON/NEW YORK ¨C Global investors are facing a fresh surge in geopolitical risk after the U.S. capture of Venezuelan President Nicolas Maduro, a move that could unlock the nation¡¯s vast oil reserves and boost risk assets over the longer-term but remain a drag on sentiment.
Market reaction was fairly muted with stocks rising, oil prices volatile and gold prices getting a lift as investors mostly shrugged off the Venezuela impact on Monday.
President Donald Trump said the U.S. would take control of the oil-producing nation, while Maduro, whom the U.S. ?has repeatedly accused of running a ¡°narco-state¡± and rigging elections, was in a New York detention center on Sunday awaiting charges. Washington has not made such a direct intervention ?in Latin America ?since the invasion of Panama in 1989.
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