10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, MRK, GILD, ORCL, PCLN)

Reuters/Amit DaveA worker applies colour to strings which will be used to fly kites, on a roadside in Ahmedabad, India

Here is what you need to know.

Bonds are flashing a warning sign for stocks. The US 10-year yield ticked above 2.60% on Thursday, the level at which Societe Generale’s Cross Asset Allocation team says is where stocks become “rich” to bonds. Currently, the US 10-year yield is down 3 basis points at 2.57%.

Eurozone inflation is finally being sustained. Eurozone final CPI printed 0.6% year-over-year in November, its highest level in more than two years. The euro is up 0.3% at 1.0442 against the dollar.

The UK will have to pay a big tab when Article 50 is triggered.Michel Barnier, one of the European Union’s chief negotiators, and other EU officials, said the United Kingdom will have to pay the European Union 50 billion pounds ($62.1 billion) when it triggers Article 50, the mechanism to begin the UK’s exit, Sky News reports. The British pound is stronger by 0.1% at 1.2428 versus the dollar.

The world’s oldest bank is getting more time to raise cash. Monte Paschi has received regulatory approval to push back the deadline of its debt-for-equity swap to December 21, Bloomberg reports. The Italian bank must raise €5 billion to avoid needing a state rescue.