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

Dave Lutz, the head of Exchange Traded Funds at JonesTrading, has a brief overview of what traders are watching on Monday:

Markets:

• Very Quiet globally. US Futures up small with Industrials leading. In Europe, Quiet trade with defensive stocks including utilities, real estate and technology firms rising.
• Chinese iron-ore futures dropped sharply overnight. Copper off 1.5%. Miners weak globally.
• EU Banks under pressure with Banca Monte dei Paschi di Siena down around 7%. DAX basically unchanged despite IFO Blowout.
• "Some analysts pointed to concern about escalating tensions between the U.S. and China as a factor weighing on the dollar Monday." (Source)
• Shanghai lost 20bp as eyes remain on their bond sell-off. Japan quiet into BOJ tonight. Aussie bucks trend to close 40bp higher as Banks jumped on ratings affirmation.
• Dollar basically unchanged. Making gains against Euro, Pound and those Commodity Currencies. Yen weaker though.
• Volumes are thinning before the December holiday season and end of the year, with trading in German bund futures about half the average for the past five days.
• Oil prices rose on Monday as a weaker dollar and the delay of new Libyan oil exports boosted benchmarks.
• Fed Chair Janet Yellen will be speaking on "the State of the Job Market" at 1330 EST/1830 GMT, an opportunity for market players to gauge her assessment of the U.S. economy.
• 3-month CNH Hibor rises 14bps to 8.45% (11-month high). Key HK renminbi lending rate stuck at exactly 10% for second straight day - FT.

Headlines:

• German businesses reported their strongest trading conditions in more than four years in December (IFO)
• Donald Trump Is Poised to Win Electoral College - Attempts to persuade electors to shun the president-elect appear to fail
• Apple and Ireland plan appeals of the EU Tax Ruling this week
• OIL - Libya 'Elephant,' Sharara Oil Fields Not Operating: NOC
• Economists doubtful on three Fed interest rate rises - FT survey suggests just two increases in 2017, with the first not until June
• Soaring price growth in China's top cities has slowed almost to a standstill
• "Investors turned cautious after China's top leaders said over the weekend they would stem asset bubbles in 2017 and place greater importance on the prevention of financial risk"
• Volkswagen Nears Deal to Add Another $1 Billion to Emissions Scandal Costs - WSJ
• India imposes new rules on cash deposits - Bank customers in India will be barred from depositing more than Rs5,000 - equivalent to around $75
• 'Rogue One, A Star Wars Story' Rakes In $155 Million in North America