Good morning!

News what you need to know prior to today's market opening as follows:

World stocks hit their lowest in six weeks as weak demand in an auction for German benchmark bonds heightened fears the crisis would worsen. For details, see

Debt problems in Europe and the United States have pressured markets, and last week was the S&P's worst in two months. The index has fallen more than 5 percent in its current string of declines.

Chinese manufacturing shrank the most in 32 months in November, intensified concerns about a global economic slowdown. Crude oil fell 1.9 percent on fears of reduced demand from the world's No. 2 economy.

The S&P managed yesterday to hold near 1,187, seen as the next technical support and representing the 61.8 percent retracement of the 2011 high to low. The index fell below the 1,200 mark last week.

Trading volume is likely to be low today, the day before the U.S. Thanksgiving holiday, when U.S. markets are closed. That could amplify turbulence, which remains tied to Europe's volatility.

Deere & Co (:DE) shares climbed 5.7 percent to $76 in pre-market trading after quarterly earnings beat expectations and sales climbed 20 percent.

The U.S. Federal Reserve plans to run stress tests on six large U.S. banks, including Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C), using a hypothetical market shock that includes a deteriorating European debt crisis as part of an annual review. Bank of America fell 1.9 percent to $5.27 in pre-market trading.

The Initial jobless claims are rising by 2,000 to 390,000 in the latest week, while October durable goods orders are forecast to fall 1 percent. In addition, the Thomson Reuters/University of Michigan's final November consumer sentiment index will be released at 9:55 a.m. EST. Economists look for a reading of 64.5, compared with 64.2 in the preliminary November report.

Stand by today's recommendations and have a great trading session.