Markets Are Very Quiet

It's a very quiet day to start what should be a very quiet week.

After last week's flurry of economic data (culminating in that strange Jobs Report on Friday) this week there is hardly any data.

And currently markets aren't doing anything. Across the world, stocks and futures are essentially flat.

Overnight the big news was the release of Chinese PMI, which shows manufacturing continuing to contract.

While this week will be quiet from a data perspective, we will be treated to a flurry of Fed-related speakers.