Morning in brief: Japan posts surprise ¥32.9bn trade surplus


Asian stocks hand back the bulk of their earlier gains after new data shows Chinese factory activity eased for the fifth month in a row, Reuters reports.


Deutsche Bank shifts the assets of its American bank holding company into a new vehicle to avoid new capital rules under the US’s Dodd-Frank financial reform law, according to the Financial Times.

Home improvement retailer Kingfisher, the owner of brands such as B&Q, reports a 19% jump in annual profit to £797m after sales showed strong growth in France, the BBC says.


Japan reports a surprise ¥32.9 billion (£250m) trade surplus for February, according to Bloomberg, adding to hope that the world’s third-largest economy is in the midst of a solid rebound.