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

Thomson Reuters

Traders work on the floor of the New York Stock Exchange

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

• US stock markets are in the green Tuesday morning after Jerome Powell's released testimony eases concerns over the coming transition of power at the Fed.
• Bitcoin is nearing the $10,000 level.
• Oil is down ahead of Thursday's OPEC meeting.

Here's Lutz:

Good morning! US Futures are starting upbeat, as Powell's released testimony soothes transition concerns, and momentum builds into the Senate's Tax vote on Thursday. Russell climbing 25bp, while E-Minis continue to find buyers upside 2600. In Europe, all green as the DAX climbs 35bp in a broad-based move. SocGen pacing banks higher on headers of branch closures, while Alt-Energy names like the Siemens-Sweden deal. Miners are getting hit, with Euro Mining Index off 1%+. EU Volumes pacing very light again, with Frankfurt trading 35% below normal trends. FTSE jumping 60bp as London banks a touch higher after UK Stress Test results announced and Oil Majors acting well behind RDSA LN headers, but Miners lag, with names like Glencore off 2.5%. In Asia, TOPIX off 25bp - Hang Seng off small, rebounding from those headers about China restricting investment into Hong Kong - Shanghai up 30bp, while Shenzhen jumps 1.3%. China's 10YY is pinned at 4% - KOPSI up 25bp as Sammy rebounded from yesterday's smackaroo, but most Asian chipmakers remained under pressure, and Aussie closed off small

10YY up small and holding upside 200d into Fed's Powell Congressional testimony, but Germany's 10YY nearing month lows while Ireland's 10YY shrugging off election angst. The DXY is higher, but drifting under the 200d, with the Euro slipping under $1.19, Sterling under some pressure, $/Y back upside 111, and Commodity Currencies shrugging off weakness in the metals. Ore was off small, but Shanghai nickel futures down 4% on more housing curb angst, and that has Nickel off 3%, Copper off 2% and Zinc 1.5% in early trade. WTI off another 1% as angst builds on OPEC cuts this week and traders eyeball a keystone restart, while Natty continues to rebound from last week's smack.

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