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

Traders work on the floor of the New York Stock Exchange shortly after the opening of the markets in New York October 14, 2015. REUTERS/Lucas Jackson Thomson Reuters

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

Here's Lutz:

Morning! While those Stateside await the Eclipse today, our thoughts with those missing from the USS John McCain. US Futures are starting mixed, with Russell finally outperforming S&P early, albeit a small move. It’s mostly red in Europe, with DAX off 50bp – with the banks the biggest fallers, and Autos are dropping despite the Fiat headers. London down 10bp and nearing 3month lows in heavy Ex-Dividend trading despite a pop in the Miners. Copenhagen bucks the trend and is up 50bp as Maersk jumps 4%. Volumes are awful however, with the DAX trading 40% light to normal Turnover. FTSE 30%. Mixed bag in Asian Trading - Nikkei lost 40bp and Aussie down 35bp as Banks and Insurers weighed - KOSPI lost small into the Joint US/Korean Drills, while Shanghai up 60bp and Hang Seng up 40bp as Energy and Telecom outperformed on China Unicom Headers. Turnover on most Asian exchanges was 20-30% light to trends.

There is some haven positioning early, with Gold, Treasuries and Yen all bid higher, but that Swissie is seeing some selling. All chatter on Jackson Hole and Draghi and Yellen – but to start the week the US 10YY is hitting 7week lows as Bund Yields are glued to 40bp. DXY weaker as Euro sees some covering, while Aussie is responding to the recent surge in Metals. We had Ore jumping another 3% in China to 5month highs after gaining 8% last week – so Stateside we still have metals still ripping higher. Nickel up 2%, Zinc 1.5% (10Y highs), Copper 1.1% (3Y highs). WTI is adding to Friday’s gains, holding above $48.50 as Libya’s Sharara Field is shut. Natty Gas is bouncing 1.5% as focus turns to disruption today from Solar Power Sources.

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