Good morning!

Here are the news you need to know prior to today's market opening as follows:

President Nicolas Sarkozy and German Chancellor Angela Merkel are due to meet in Paris later on Monday. They are under pressure to iron out differences on how to centralize control of euro zone budgets to resolve the crisis.

The two will try to reach common ground on measures to boost coercive budget discipline in the region, likely through an EU treaty change, which they want all 27 EU leaders to approve.

While the summit could still disappoint investors, equities have been helped recently by rising hopes of forthcoming decisive action in the euro zone. Indexes posted their largest weekly percentage advance last week since mid-March 2009. Those gains also came on a U.S. unemployment rate that unexpectedly dropped to a 2-1/2 year low.

Adding to the belief that Europe would be taking adequate steps to address its issues, Italy unveiled a $40.32 billion package of austerity measures, which eased tensions surrounding the country's finances. European stocks (.FTEU3) rose 1 percent.

Despite the previous week's gains, the S&P 500 on Friday failed to break through technical resistance near its 200-day moving average. Breaching that level could signal more gains.

Investors will be looking ahead to the Institute for Supply Management's November non-manufacturing index, which will be released at 10 a.m. Economists forecast a reading of 53.5 versus 52.9 in October. Last week, the ISM's November manufacturing index rose more than expected.

In addition, October factory orders are seen dropping 0.3 percent after a 0.3 percent rise in September.

Germany's SAP (SAPG.DE) announced a $3.4 billion cash deal to buy Success Factors (NYSE:SFSF), sending shares of the web-based software company up 52 percent to $39.95 in pre-market trading.

Commercial Metals Co (NYSE:CMC) rejected investor Carl Icahn's buyout bid, saying the offer substantially undervalued the company.

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