@sharondacarver
@sharondacarver Japanese shares slid sharply, while gold and industrial metals remained near record
levels. The yen rallied as geopolitical tensions from South America to China took
centre stage while investors awaited data in the United States for clues about the timing of potential interest rate cuts by the Federal Reserve.
"The most likely outcome is a boost to the global economy because of that oil," Michael McCarthy, CEO of investment platform Moomoo Australia and New Zealand, said about the upheaval in Venezuela. "Clearly it's a negative for the oil price itself, but energy costs are key to your global economic outlook."
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