Last week, as traders returned to their desks after the holidays, the financial market opened with a sense of tension due to the situation in Venezuela, raising concerns about potential disruptions and their effects on the Latin/South American economy and oil prices.

However, market participants approached the situation with caution and maintained a level of calm as stability reigned.

As market sentiment improved, Brent oil prices increased by USD 2, given that Venezuela accounts for roughly 1 percent of global oil production and its output is considered heavy and sour.

Some estimates indicate that the cost to boost Venezuelan oil production may be around USD 80, while Brent oil is currently trading near USD 63.30.

Nonetheless, geopolitical factors will remain significant for financial markets, with investors particularly focused on Mexico and Colombia, as well as Greenland, which is part of Denmark and has ties to NATO and the US. Additionally, Iran is expected to be a prominent focus.

In the meantime, the US non-farm payroll (NFP) data released on Friday indicated weaknesses in the job market, with only 50,000 jobs added compared to an expectation of 60,000. Interestingly, the unemployment rate dropped to 4.4 percent from 4.6 percent, suggesting that while the labour market may be cooling, it still remains tight, especially........

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