>> Markets opening the week with big gains for oil prices and US Treasury yields, Brent futures topping $57 a barrel for the first time since July of 2015, with US crude also rising, boosting global inflation gauges. The move comes after key oil producers, including Saudi Arabia, agreed to an output cut over the weekend.
The first time that the OPEC Cartel and non-OPEC members, including Russia and Iran, have agreed to such a deal in over a decade. Bonds also selling off with US yields topping 2.5% ahead of this week's Federal Reserve meeting. It's expected to hike rates for only the second time since the global financial crisis.
Markets, though, are already pricing in on the move. The dollar rising to its highest against Japan's Yen since February, but traders may yet prove to be cautious, wary for a change in tone from the Fed following Donald Trump's surprise election.