Here's a super-quick guide to what traders are talking about right now

New york stock exchange tradersGetty ImagesTraders work on the floor of the New York Stock Exchange during the afternoon of December 4, 2015 in New York City.

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.

  • Global markets are mixed on Monday.
  • WTI oil is off from its recent highs.

Here’s Lutz:

Morning! US Futures are mixed, with the Spoos and Russell off small, while Nasdaq Outperforming as M&A Heats up in Semis (MRVL for CAVM). Decent rally from lows going on overseas, as the DAX has busted green, with a sharp rebound is happening in the Banks. DB and Commerz are up 2% from intraday lows. Carmakers are revving up, with VW up nearly 4%. Utes are the finally leg in the rally today, as German Political angst sparks thots of easing environmental regulations. Healthcare acting well behind Roche’s 4% pop on trial headers. FTSE is lagging a bit, as the Miners see profit-taking, but Volumes in London are off 30%+ to trend. In Asia, Sellers returned to Japan where the Nikkei lost 60bp – Hang Seng gained 20bp and Shanghai up 20bp, while Shenzhen up 1%, shrugging off China Financial Regulation headlines – KOSPI down 20bp, but KOSDAQ up 1.2%, while Aussie lost small as Miners were under pressure

The US 10YY is up small, after bouncing from 2.32%/200d in the overnight. Bund yields are acting like they are putting in a weekly double-bottom, popping from last week’s 35bp lows. The DXY has a slight bid, despite a decent rally from 2month lows in the Euro, which is trying to shrug off the collapse of German Coalition Talks. Ahead of UK budget on Weds, sterling showing life against $ and Euro, while that $/Y cross held multiple downside tests of 112. Ore was up 1.6% to September highs, but all other metals are red, paced by a 1%+ drop in Silver and Platinum. WTI is seeing slight profit-taking from last week’s surge as the weekend headlines from Middle East were quiet. Natty seeing some decent pressure, dropping nearly 2% early.

Read about the 10 things you need to know today…

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