Japan's annual export jumps, accelerating the economy

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Source: Bloomberg
Japanese exports surged in January due to strong demand from Asia and the US, providing evidence that the world's third largest economy is escaping recession. Exports rose by 17% on a yearly basis last month, exceeding the forecasts of 13.5%. Meanwhile, import dropped 9% from a year earlier, curbing the trade shortage to 1.2 trillion yen. 
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Thu, 19 Feb 2015 11:15:04 GMT

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Oil prices fell on Thursday, as US inventories were supposed to reach new highs. Moreover, possible increase in Saudi crude output raised new concerns regarding fuel supply surplus. Brent crude for March plunged around 3% to trade at $50.23 per barrel, almost 2 dollars down compared to the levels seen on Wednesday. Crude for April slipped to $59.54 per barrel.

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