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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Hello, this is Katie Foley, writing to you from London.

That eerie calm you’ve noticed this morning isn’t some kind of Goldilocks trade. The vast majority of global stock markets are closed for the Labour Day holiday. In Asia there’s no trade in Hong Kong or the Mainland, South Korea, Taiwan, India or across Southeast Asia.

In Europe, U.K. stocks will go it alone today with futures currently pointing to an extremely muted start to trade.