Economic and financial impacts: the military operation in Venezuela

Venezuela shock: financial markets under pressure.

Few have missed the forceful arrest of Nicolás Maduro last week. The implications for financial markets, however, remain broad and highly uncertain. Inflation, currencies, interest rates, commodities and hedging markets have already begun to react amid rising volatility.

For this second issue of “Macroscope”, we analyze the signals sent by the main markets and economic indicators: inflation, currencies, interest rates, commodities, and hedging markets have already begun to react in a context of heightened volatility.

Looking ahead to 2026, the energy market could become a major point of tension, especially as geopolitical turbulences are simultaneously emerging around Iran.

Download the PDF to learn more...