OPEC surprised with a slight cut in production.
Opec's key takeaway was that the global economy is certainly slowing. This is not good news for equity markets, especially if OPEC is now, as it seems, very wary of a drop in oil prices as a result.
This means that equity valuations around the world will face both a slow economic environment and stubbornly firm oil prices. Natural gas prices, on the other hand, are likely to remain very strong. Even if gas prices fall sharply in this country, energy is still about twice as expensive as it was before the crisis.