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In U.S. economic news, international trade in goods for the month of January reported a $74.4 billion deficit, below the downwardly-revised $72.3 billion deficit in the prior month, and below consensus estimates of a $72.2 billion deficit. Spanish unemployment fell in February by 6,280, as compared to January. Unemployment has fallen by 280,628 since the same time last year, or by 7.48%. Currently, unemployment is at 3.47 million, its lowest mark in 9 years. Manufacturing in South Korea continued its expansion in the month of February recording score of 50.3, lower than the prior month’s reading of 50.7. Industrial output in South Korea grew a seasonally adjusted 1.0%, on month for January, following a 1.7% decline seen in December.

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