unicredit up 1.8%. santander up 1.8%, as well. you have to remember, actually, if we were surprised by the lack of negative impact on the investors last week, there shouldn't be a huge bounce on the resolution, either. 1.2997 as far as euro/dollar. so a pretty small move on the euro after initially getting a bounce a little earlier this morning. we'll show you where we stand with the futures board at the moment. maybe we won't have u.s. futures. right. so there we go. thanks very much. currently trading above 50 points on the dow. we'll be looking at the s&p, likely trend over the summer months. we've seen this pattern over the last three years, big gains in the first three months and then a correction. we'll have a guest on a little later to tell us what kind of correction we can expect. but let's get the latest from brussels after those all-night talks. julia has been -- i don't know what she's been taking to keep herself going, but she joins us now. well done, jules. a long night. we're still lacking some detail. >> absolutely,

but we have seen italian banks which were rallying to start the day now turn into the red, unicredit,aolo there. the question will come down do to whether this is quarterly or an annual loss and who is really affected. now, u.s. futures are pointing higher off trades in europe. the dow is looking to add 10 points, extending its win streak today. and its nine-day win streak was the first in 16 years as of yesterday. nasdaq and the s&p 500 looking to add a couple of points. here is is what's on the agenda today in the u.s. weekly jobless claims are out at 8:30 a.m. eastern. looking for small gains. 330,000. at 8:30, it's february ppi. stripping out food and energy. towards 8:30, the fourth quarter current account as for earnings, look for numbers today from clothing retailer aeropostale and krispy kreme doughnuts. we'll seet that can tell us about the state of the u.s. consumer. i expect they're still sucking them down. >>> jack lew make his first appearance as treasury secretary today. he'll highlight the importance of investing in infrastructure, manufacturing and job creation. steve

italy's unicredit is set to report fourth quarter loss today hit by higher provisions in its market. dow jones analyst expect the country's largest bank assets to avert a $11149 million euro loss compared to profit in the fourth quarter of last year. shares are adding 2%, though. they wouldn't want to see them returning capital to shareholders and they wouldn't want them to be stricter on bonuses, too. meanwhile, the ceo of italian energy giant pala scleroni told us he's not concerned about weakness in europe because he's turning his attention to china. this after the company announced a deal to sell 20% of its stake in the mozambique gas field with cnpc. i asked him why now. >> we want to give value to this huge discovery in mozambique. the best way to give value is to involved in the project in natural biogas and cnpc is the most natural biogas in that part of world. >> that makes a certain amount of sense. a lot of people have looked at your global strategy and said you're early and aggressive when it comes to, for example, africa. so what about at home in italy, how weak is the m

unicredit down almost 5%. moving to the french banks, credit agricole and bnp are showing pressure down 3% to 4%. even in germany, down 2.4% there. a lot of concern will come down to just to what extent investors can assume even senior debt is protected going forward. we'll get to that discussion in just a second. in the meantime, look at the bond space. no rotating out of the periphery and into the safer haven trades this morning. yields falling below 1.9%. and the ten-year bund in germany is below 1.4% as the yield is spain is back above 5%. that spread is about 37 basis points at the minute, that's considerably wider than what we've seen over the last couple of weeks. forex, the euro/dollar is expected to be under pressure. it's holding up reasonably well, up 0.25%. after testing some of the lows below the 1.29 level has held up reasonably well. yen is strengthening, calling into question the extent to which the currency remains a bit of a safe haven trade. carolyn ross joins us now and julia chatterly is i

unicredit down better than 5%.uys, after we saw markets initially bounce off their lows, this latest leg down has largely been led by the banks, more than 5% now declined for unicredit. standard of care again down socgen down 5%. spanish banks, italian banks, french banks, even deutsche bank down 3.5%. here is a look at the impact it's had on sovereign trade. if we're supposed to spare the sovereigns, the simplish ten year is back over 5%. an important point here, mark thoughten likes to point out, this trade, this risk off move has as much to do with trade jitters resurfacing in china as in the economy. nymex and brent both down better than 1%. last word i'll show you is the euro. wove seen that catching a little bit of a bid this morning. it's back to flat, but we are at 1.29. this isn't just about europe, it's about europe along with other concerns coming back to the markets in force. >> joining us right now to talk more about this is jim o'neill. he is goldman sachs chairman and an advisory member. jim, you tel

unicredit, up about 2.4%. what it has done, of course, is highlighted the crisis management kelly was talking about this and how that seems to be getting worse and that basically austerity is still very much in tune. now, people think about where does this leave italy? bersani was given permission by the italian president late on friday to try and form a government. we'll be watching events this week. it may be a fairly tall order on. we did get an auction out of italy. yields higher, 1.74%. 1.68% for the two-year bond in february. that's about the highest since december. 20-year bonds are slightly lower today, 4.45% as are ten-year spanish yields, 4.81%. but that spread is now significant. we've got a five and ten-year auction coming out of italy on wednesday. we'll see how that goes. for now, back to you. >> okay, ross. ross westgate, thank you very much. you're all alone. that's okay, though. hang in there. >>> coming up, today it's very private schoolish. what is -- is that new? >> no. i just haven't worn