Equity markets are expected to grind higher this week despite the risk to the oil price from the US capture of Venezuelan President Nicolas Maduro, as investors await key pieces of economic data that could determine the next moves on interest rates.
Given the recent slump in the price of crude to around $US60 ($90) a barrel and indications of oversupply in the first quarter, analysts expect the oil market to easily absorb any possible halt to production from the South American country, which accounts for less than 1 per cent of global supplies.
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Source: https://www.afr.com/markets/equity-markets/equities-to-grind-higher-in-2026-as-rate-talk-dominates-20260104-p5nrgn