China’s stocks rose the most in two months before a report that may show manufacturing expanded and as Market Studies LLC’s Tom DeMark said Shanghai’s equity index will rally as much as 28 percent by September.
Australian stocks declined for a third day as Cyprus rejected a bank-deposit levy needed to secure European bailout funds, sparking a standoff that risks reigniting the region’s debt crisis. U.S. equity futures fell.
The Shanghai Composite Index will rebound this week to resume a rally from a December low that will leave it 48 percent higher within the next six months, according Tom DeMark, the founder of Market Studies LLC.
The Shanghai Composite Index will rally shortly after reaching a 2013 low this week, according to Tom DeMark, the founder of Market Studies LLC who correctly predicted a retreat in the Chinese stock gauge last month.
Mitt Romney, responding to a growing challenge from Newt Gingrich in the Republican presidential race, said he is ready to draw distinctions with Gingrich as he makes “closing arguments” to voters resisting his candidacy.
The U.S. Army staff sergeant held in the killings of 17 Afghan civilians was involved in a drunken altercation with a woman and her boyfriend in 2008 after making comments about her, a police report and the woman involved say.