10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, DB)

Here is what you need to know.
Italy's political crisis deepens. Italian President Sergio Mattarella rejected the euroskeptic economist and former banker Paolo Savona for finance minister, and he must now form a new government or face another election.
Peripheral yields surge. Italy's two-year yield is up almost 150 basis points near 2.30%, while its 10-year is higher by 42 basis points at 3.08%. Elsewhere in Europe, Greece's 10-year is up 34 basis points, while Spain's and Portugal's 10-year yi