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

Traders chicago board options exchangeGetty ImagesTraders in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange (CBOE) react after it was announced that they Federal Reserve would increase interest rates December 16, 2015 in Chicago, Illinois.

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

Here’s Lutz:

Morning! US Futures are headed slightly higher as the “FOMC Drift” kicks in. Eyes will be on President Trump speaking at UN at 10:30 — The DXY is resting just under resistance. Markets are mixed overseas, with the DAX down 10bp as Healthcare and Consumer names fall, but the Fins are continuing to show a slight bid. FTSE is up 30bp as Miners rally, and Retail torn between Sainsbury jumping while Ocado gets smoked. Volumes are terrible in Europe, with DAX trading 40% light, but FTSE seeing heavy activity. In Asia, Nikkei, returning from Holiday, leapt nearly 2% as Nintendo ripped 7% higher – Hang Seng off 30bp – Shanghai off small – KOSPI basically unch and Aussie lost small

The US10YY just under its 100d resistance as we await the Yellen with Fed Funds nearing 60% for December, up from the 30’s last week. Bunds are unch, while JGB’s see selling on Snap Election headers. The Bid remains under Portuguese debt, helping the periphery Banks. DXY gives back yesterday’s gains, with the Euro just under $US1.20 as ZEW comes in better – Sterling rallying small over $US1.35, but that Renminbi continues to drop. Ore lost 2.7% in China to hit 2month lows, but Copper holding bid. The Bid remains in Oil, where Brent and WTI holding 5month highs, while Gasoline eyeballs Maria impact to Caribbean refiners. Natty is holding yesterday’s gains early.

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