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

Thomson Reuters

Traders stand outside the New York Stock Exchange prior to the opening bell

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

• US stocks are on the rise.
• Spanish markets are down slightly amid Catalonia election angst.
• WTI oil is slipping back below $58.

Here's Lutz:

Morning, and Happy Winter Solstice! US Stocks are in rally mode, with the Russell up 30bp - still exhibiting the outperformance we saw yesterday. STOXX dealing with its biggest three-day loss in more than a month, and the DAX struggling to hold a bid as Bunds get slammed. Comments ECB looking at shifting from asset purchases continues to weigh across Europe. Telecom rallying behind Nokia headers, while those Metals still in Rally mode. Some angst in Spain ahead of today's Catalonia Election, with the IBEX underperforming the small rally in Germany. In London, FTSE continues to love Sterling action, and those Miners remain well bid. Volumes are quite pathetic tho, with London's turnover 40% below trend. In Asia, Nikkei off small - Hang Seng added 45bp - Shanghai up 40bp - KOSPI got smoked for 1.8% as Sammy was hit for almost 4% - Aussie off 25bp as a strong rally by the miners offset drops in Banks. The Terror attack in Melbourne happened near the close of Trading, while Jakarta rallied over 1% as Indonesia wins a second sovereign rating upgrade this year

Bunds still getting hit, with Germany's 10YY up 13 bp the last few days, propelling the US 10YY to test 2.5% 2x in the last 24 hours, while that US 30YY holding upside 200d. DXY is making small gains as Sterling off small on the Damian Green resignation and Euro seeing some profit-taking from the week's rally. Yen broke a touch lower as Hawks were nowhere to be found in BOJ commentary, while South Africa's Rand continues to whipsaw around. Ore was up 60bp overnight, but all metals are under a bit of pressure early as the greenback rallies. Focus remains on the Energy Complex, with WTI failing to hold $58 as projections on the Forties outage continue to weigh. Natty Gas is seeing continued pressure from yesterday's heavy selling ahead of inventory data later this morning.

Here are the 10 things you need to know today.

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