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Global Daily: The tone for 2026 has been set

5 January 2026 10:00 RaboResearch

Happy New Year! Brace yourselves, we’re in for a rough ride. In our last Monthly Outlook for 2025, we looked ahead to this year. We warned that it would be foolish to assume that this year would be any calmer. President Trump wasted no time to make that prediction accurate. You will undoubtedly have seen the headlines. This weekend, President Trump launched a military operation in Venezuela and in a matter of hours, Venezuelan President Maduro was in US custody. He faces charges for “pushing drugs into the United States.”

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more