Good morning!

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

The euro and most European stock markets edged lower after rating agency Standard & Poor's warned 15 countries it may cut their sovereign credit ratings.

The S&P warning may help France and Germany change European rules, restore market confidence and prevent a sovereign debt crisis from spiraling out of control.

The S&P threat could help French President Nicolas Sarkozy and German Chancellor Angela Merkel force through a change to the EU treaty at a summit December 9. They are determined to impose penalties on countries that exceed deficit targets.

Traders were also encouraged by a dip in Italian benchmark bond yields, which had soared close to 8 percent, threatening government financing and bringing it closer to a sovereign default.

The yield on Italian 10-year notes was at 5.886 percent, the lowest since late October.

The S&P warning was leaked during market hours in the United States yesterday, deeply cutting into stock gains.

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