This weekend OPEC and non-OPEC countries signed a formal agreement on the reduction of raw material extraction. Therefore we the week starts with the price of oil at 54 USD, i.e. an increase of over 4%.
As a result starts the game under the rise in inflation. In Asia it means higher prices for energy and mining companies and the higher interest of banks. Same changes at the level of the major indices are not a significant. Only the Nikkei stands out positively because of the strength of the dollar against the yen. Outside of Japan there is lack of noticeable growth and China may be seen even a clear correction of more than 2%.
Friday's session in the US was successful with the approach of the main index by 0.6% and new records. Today morning the US futures market falls slightly and Europe may begin sessions with mixed feelings. Selected sectors will be benefited on what can be seen on oil and the expected consequences for inflationary trends. On the Warsaw market on Friday came to a halt of growth. Today the investors attention should be focused on the banks sector.