Japan February Current Account Surplus JPY 637.4 Billion, Portugal Plans Deeper Spending Cuts To Keep Bailout On Track

From Tokyo economic news, Japan February Current Account Surplus JPY 637.4 Bln, Japan posted a current account surplus of 637.4 billion yen in February, the Ministry of Finance said on Monday - bouncing into the green after three straight months of deficit

IMF talk about global economy outlook, IMF's Lagarde says Part Of Global Economy Looks Better Than Last Year, A substantial portion of the global economy looks better than it did last year, International Monetary Fund Managing Director Christine Lagarde said Sunday

Another next new crisis???, Portugal Plans Deeper Spending Cuts To Keep Bailout On Track, Portuguese Prime Minister Pedro Passos Coelho said on Sunday that the government will have to reduce spending on social security, health and education to meet its bailout conditions after the constitutional court ruled against some of the austerity measures announced in the budget. New spending reduction plans are crucial for the country to retain the access to its EUR 78 billion EU-IMF aid

Meanwhile, German Industrial Output Rebounds In February, Boosts Recovery Hopes, Germany's industrial production rose more-than-expected in February, helped by an increase in manufacturing output, underpinning hopes that the biggest euro area economy is on the recovery path after shrinking in the final months of 2012, latest data showed on Monday