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Good morning!

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

Europe has emerged as the central theme of the week, with the key meeting of policymakers now looming just two days away, and little economic data slated for release.

Analysts have struck a cautiously-optimistic tone, pointing to a smattering of relatively positive headlines that have boosted sentiment. In particular, a report by the Financial Times on yesterday afternoon that the euro zone may be planning on doubling the firepower of its rescue facility was taken a good sign.

Still, people who closely watch the situation in Europe warn that such summits have disappointed investors and roiled markets in the past.

To that end, traders are also expected to pay close attention to an ECB meeting tomorrow to see what, if any, measures the central bank plans on taking to ease the crisis. Last week, the ECB, the Federal Reserve and several other global central banks unveiled a united plan to ease conditions in the money market. The move sparked a massive rally, but many economists caution it may fight the symptoms, and not the actual sickness.

European blue chips rose 0.33%, while the euro fell 0.09% to $1.3386. The U.S. dollar climbed 0.16% against a basket of six world currencies.

Energy markets were under pressure from a stronger dollar ahead of the release of fresh data inventory data from the Energy Department. The benchmark crude oil contract traded in New York fell 7 cents, or 0.07%, to $101.22 a barrel. Wholesale RBOB gasoline slipped 2 cents, or 0.68%, to $2.63 a gallon.

In metals, gold fell $1.20, or 0.07%, to $1,731 a troy ounce. U.S. government bonds were largely unchanged. The benchmark 10-year Treasury note yields 2.091% from 2.093%.

On the economic front, a report from the Federal Reserve on consumer borrowing across the U.S. is on tap for 3:00 p.m. ET.

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