Good morning!

Firstly hope everyone had a wonderful Thanksgiving holiday. Here are what news.you need to know prior to today's market opening as follows

The market's jump came despite denials that the International Monetary Fund was readying a euro-600 billion ($794 billion) rescue package for Italy and that the euro-zone's six triple-A rated countries were preparing to float bonds together and use the proceeds to provide assistance to some of the single currency bloc's indebted members, such as Italy and Spain.

Investors are clearly hoping that the recent signs of deterioration in the debt crisis will finally get Europe's leaders to agree on a package of measures that can ease market concerns over whether the euro currency itself can survive. Anecdotal evidence that the U.S. enjoyed a strong day for retailing on Friday after Thanksgiving Day has eased concerns that the world's largest economy will slide back into recession.

In Europe, the FTSE 100 index of leading British shares was up 2.1 percent at 5,272, while Germany's DAX rose 2.9 percent to 5,653. The CAC-40 in France was 3.6 percent higher at 2,961.

The euro, meanwhile, was 0.7 percent higher at $1.3385.

Wall Street was poised for a strong open, too — Dow futures were up 2.3 percent at 11,445 while the broader Standard & Poor's 500 futures rose 2.9 percent to 1,187.

Credit rating agency Moody's issued a similar warning today. It said the "rapid escalation" of Europe's financial crisis is threatening the creditworthiness of all eurozone governments, even the most highly rated. Only six of the eurozone's 17 countries have the top rating — Germany, France, Austria, the Netherlands, Luxembourg and Finland. .

The Paris-based OECD says in its latest Economic Outlook that continued failure by EU leaders to stem the debt crisis that has spread from Greece to much-bigger Italy "could massively escalate economic disruption" and end in "highly devastating outcomes."

The biannual report released Monday recommends urgently boosting the EU bailout fund and calls on Europe's central bank to do more to stem the crisis.

Oil prices tracked equities higher, too. Benchmark crude for January delivery was up $3.53 to $100.30 per barrel in electronic trading on the New York Mercantile Exchange.

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