Cmc Markets: Dislike Uncertainty and Risk-on Sentiment

cmc markets: Risk-on sentiment is returning to Asia, thanks to higher oil prices due to production cuts, as well as recent gains in U.S. market, said Alex Furber, a senior client services executive at CMC Markets, according to Market Watch. There is going to be general relief as well at the prospect of a Trump win receding, Furber added, following the second televised U.S. presidential debate. The Nikkei Stock Average NIK, -0.39% was up 0.9%, led by exporters amid a weaker yen, while the Shanghai Composite Index SHCOMP, +0.09% gained 0.3%, building on Monday 1.5% rise, as Chinese investors returned from a weeklong national holiday. Markets are less favorable to Trump as they dislike the uncertainty of his economic policies, say analysts. On Monday, crude oil prices hit a one-year high in the U.S., after Russian President Vladimir Putin said the country would support the Organization of the Petroleum Exporting Countries' attempt to cut its collective output. A fair bit of U.S. trading partners are in Asia and may feel relieved for now, said Furber. (news.financializer.com). As reported in the news.