MPC Morning Call 6th January 2026 – Stocks led higher by financials and energy as Venezuela situation looks contained
Financials and Energy led the market higher overnight as hopes for economic growth due were raised with the Venezuela situation looking largely contained and the resources made available by the “liberation” may lead to lower energy and commodity costs
MPC Morning Call 6 th January 2026 – Stocks led higher by financials and energy as Venezuela situation looks contained Financials and Energy led the market higher overnight as hopes for economic growth due were raised with the Venezuela situation looking largely contained and the resources made available by the “liberation” may lead to lower energy and commodity costs U.S. forces captured Venezuelan President Nicolás Maduro over the weekend, with the leader now facing drug-trafficking charges in New York. President Donald Trump announced that the United States would oversee Venezuela until new elections are held, granting major American oil companies permission to develop the country’s vast but underutilized reserves. The move caused oil prices to rebound more than 1% after early losses, as markets weighed the potential for increased global supply amid lingering concerns over a pandemic-era supply glut and sluggish demand that drove crude prices down 18% in 2025. Shares of major U.S. oil producers including Chevron, ExxonMobil, and ConocoPhillips rose sharply following Trump’s announcement, bolstered by rising energy prices. Broader equity markets also advanced, led by financial stocks such as Goldman Sachs, Citigroup, and State Street. Coinbase saw one of the day’s biggest gains—up over 7%—after a Goldman Sachs rating upgrade. Meanwhile, analysts warned that political uncertainty following the U.S.-backed regime change in Venezuela could fuel volatility in global markets while reinforcing investor preference for U.S. dollar liquidity. Attention now turns to upcoming U.S. economic data, with December’s employment report expected to show 57,000 new jobs, down from November’s 64,000. The labor market has been strained by government spending cuts and a protracted shutdown that delayed nationwide reporting. Following three consecutive rate cuts in late 2025, the Federal Reserve remains divided on whether additional easing is needed as inflation pressures persist. Investors are also watching Monday’s release of manufacturing data, expected to show continued contraction but slight improvement from prior months. The CES conference in Las Vega s is eagerly awaiting Jensen Huangs keynote speech to take the temperature of investor enthusiasm for AI in 2026 Copper touched $US13,000 a tonne for the first time, extending last year’s scorching rally as mine outages and trade dislocations fuel concerns over supplies of the key industrial metal. Government Bond Yields Commodities, Energy & FX ASX Overnight: SPI 8747 (+0.35%) The Day Ahead: the Aussie market should have a good day with financnials and commodities being the best performing sectors globally should feed into our market. The record copper price will help the big miners immensely as copper touched $6 in the US (COMEX) and 13k in London
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