3 out of top 4 stories not looking good:

Global trade still in contraction and larger foreign surpluses most often imply larger US deficits:

Japan Trade Surplus Largest in Over 5 Years

Japan recorded a 754.9 JPY billion surplus in March of 2016, widening sharply from a 223.47 JPY billion surplus a year earlier but below market consensus. It is the largest surplus since October 2010 as exports fell 6.8% yoy while imports dropped by 14.9%.