National Australia Bank's Ray Attrill said that traders were a long way from worrying about the possible negative aspects of Biden's presidency, such as tax hikes and re-regulation.
Oil prices extended gains after soaring nearly five percent Tuesday on news that Saudi Arabia had offered to cut output by a million barrels in both February and March.
The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year, starting April, as well as ramping up the sale of non-core assets, the sources said.
During his unsuccessful re-election campaign, President Donald Trump launched repeated accusations against Hunter and said the Bidens were a "corrupt" family and a "criminal enterprise."
Moreover, removal of Sales Tax on locally manufactured phones was also approved in principle and modalities would be worked out in consultation with the Finance Division.
Finance Minister Olaf Scholz, the Social Democrat chancellor candidate for next year's federal election, has backed calls to reintroduce a wealth tax in Germany to pay back public debt amassed during the pandemic.