I don't think anybody doubted they would sign something in Paris, and that is baked in, but the actual content wasn't known until after market close on friday.

I don't think anybody doubted they would sign something in Paris, and that is baked in, but the actual content wasn't known until after market close on friday. Professional traders will have diversified away from fossil stocks due to the uncertainty, but on monday they will either jump back in, or stay even further away, depending on their take on the agreement.