Defense stocks soar; U.S. strike on Venezuela heralds ‘hard power’ era

Defense stocks soar; U.S. strike on Venezuela heralds ‘hard power’ era

Defense stocks in Europe and Asia surged on Monday as investors assessed how the dramatic overthrow of Venezuelan leader Nicolas Maduro could herald a significant geopolitical shift that will boost the rearmament trade in the long run. Rheinmetall, Germany’s largest arms manufacturer, gained over 7% in early trade, while military technology and surveillance specialist Hensoldt…

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Oil trades sideways despite political turmoil in Venezuela

Oil trades sideways despite political turmoil in Venezuela

Oil prices inched up on Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments. Feifei Cui-paoluzzo | Moment | Getty Images Oil prices inched up Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments after U.S. President Donald Trump seized Venezuelan President Nicolas Maduro, in a well supplied…

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