European stocks to open higher as traders track Venezuela developments
CNBC·2026-01-05 06:25

Core Viewpoint - The U.S. has overthrown Venezuelan leader Nicolas Maduro, leading to mixed reactions in global markets, particularly in Europe and oil prices [1][2]. Group 1: Market Reactions - European stocks are expected to open in mixed territory, with the U.K.'s FTSE index and France's CAC 40 projected to rise by 0.6% and 0.5% respectively, while Italy's FTSE MIB is expected to increase by 0.7% [2]. - Oil prices have seen a slight increase as investors consider the potential impact of Maduro's ousting on oil shipments from Venezuela, which produces less than 1 million barrels of oil per day [4]. Group 2: Political Developments - President Donald Trump stated that the U.S. would "run" Venezuela until a safe transition can occur, although Secretary of State Marco Rubio later clarified that the U.S. would use leverage to achieve policy goals without directly governing Venezuela [3].