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

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Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 9, 2016. REUTERS/Lucas Jackson  - RTSM2SE

Thomson Reuters

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York

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

Here's Lutz:

Good Morning! "Fire and Fury" is getting reaction, but not panic. Dow Futures off 20bp, while Nasdaq and Russell fall 50bp+. The headlines between Pyongyang and Washington caused the most stress in Japan and South Korea with both markets off over 1%. Samsung's 3% loss weighed heavy in Korea, while that smallcap "mothers" index in Tokyo lost 2.5%. South Korea Won is off 1%. Some Havens on the move - $/Y falling below 110, Gold headed for biggest gain in a few weeks, US10YY dipping 2bp, and

VIX futures adding 5%. Aside from the Swissie Franc having biggest upside move in over 2 years - most of the moves are very muted. $/Y will be the key cross to watch, and they remain just below the week's lows.

There is a decent pullback in European trading though, with the DAX down 1.3% - it's worst showing in 3 weeks - while the FTSE is off 70bp as Banks weigh in London, but the Sterling drop is mitigating losses. Volumes are heavy, with most exchanges trading 150% normal volume, but it feels very driven with ETFs and Futures - as single stock trading seems quite muted. Away from japan and Korea, it was quiet elsewhere in Asia. Hang Seng lost 30bp - Shanghai down 20bp - Aussie climbed 40bp as the Big Banks started reporting. Keep your eye on the Sensex - it lost 70bp, dropping 700 points in 5 days(2.5%). Rhetoric is ramping between India and China.

Aside from the moves in the Swissie and Won - Most other currencies are quiet. The DXY is off small - Sterling is trying to retake $1.3 after this week's smackdown - The Loonie drifting near 3y lows, and the Rand still getting hit after the Zuma vote yesterday. Gold and Silver are up 1%+, but all metals are acting well with Ore and Rebar jumping over 3% as the Sichuan Earthquake sparks reconstruction thoughts. Energy Complex is up small, with Oil adding 40bp as a bigger Gasoline build is offsetting a bigger Oil draw

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