Financial markets interacted with the inauguration of Joe Biden, the 46th President of the United States of America, on Wednesday;

As the indices of these markets responded to the most important event in the United States.

Markets reacted to Biden's $ 1.9 trillion stimulus plan, in preparation for the start of dealing with the Covid-19 pandemic, which has killed more than 400,000 Americans and turned the world's largest economy on its head.

Stocks are rising

European stocks extended their gains today, Thursday, thanks to hopes of a major US stimulus plan under the new President Biden administration, and investors are looking to the European Central Bank for indications about the economic strength of the euro area.

The pan-European STOXX 600 index rose 0.7% by 08:07 GMT, reaching a new high since last February, while the shares of car manufacturers, banks and industrial companies made the largest gains.

Asian stocks and their Wall Street counterparts reached record highs, after Biden took office on Wednesday, and signed several executive orders that included America's return to the Paris Global Agreement to combat climate change.

Nikkei is at its highest level in 30 years

Japanese stocks rose to a 30-year high at the close, on the path of a strong performance for Wall Street stocks yesterday, thanks to investor optimism about positive corporate profits, as well as expectations of enhanced growth due to a huge stimulus package from the new US administration.

The Nikkei index gained 0.82% to 28,756.86 points, its highest closing level since August 1990. The broader Topix index rose 0.6% to 1,860.64 points.

Gold is at its highest level in two weeks

On Thursday, gold reached its highest level in nearly two weeks, with the dollar declining;

Hopes for more stimulus after the new US administration took office, although some profit-taking limited the gains in the precious metal.

By 06:53 GMT, spot gold rose 0.1% to $ 1873.36 an ounce, after hitting its highest level since the eighth of January at $ 1874.50 an ounce earlier in the session.

And gold won 1.7% on Wednesday, and gold futures rose 0.3% to $ 1871.70 an ounce.

The Bank of Japan kept its monetary policy unchanged on Thursday, and investors are now awaiting the European Central Bank’s monetary policy decision at 12:45 GMT on Thursday.

Gold is considered a hedge against inflation that may result from stimulus measures.

The dollar index fell 0.2% against competing currencies, and the yield on the benchmark 10-year US Treasury bonds also consolidated at less than the 10-month high, which it reached last week.

For other precious metals, silver increased 0.3% to $ 25.87 an ounce, platinum fell 0.1% to $ 1108.28 an ounce, and palladium rose 0.4% to $ 2381.15 an ounce.

Oil is receding

The price of oil fell today, Thursday, after data for the sector showed a sudden increase in US crude inventories.

This fueled again fears about demand, driven by the Coronavirus pandemic, but hopes of stimulus in the United States curbed the decline in prices.

By 07:25 GMT, US West Texas Intermediate crude futures fell 19 cents, or 0.4%, to $ 53.12 a barrel, after two days of gains made by crude thanks to expectations of huge spending to mitigate the repercussions of Covid-19 under the president's administration The new Biden.

Brent crude futures fell 16 cents, or 0.3%, to $ 55.92 a barrel.

According to data from the American Petroleum Institute, crude oil inventories in the United States rose by 2.6 million barrels in the week ending January 15, compared with analysts' expectations in a Reuters poll of a decrease of 1.2 million barrels.

The dollar is falling

The dollar fell against the main counterpart currencies on Thursday;

Demand for safe-haven currencies is undermined by optimism that a major stimulus package pumped out by the new US administration will boost growth.

"Risk sentiment is very positive now, and we expect it to remain so this year as growth is expected to pick up very strongly," said Shinichiro Kaduta, chief currency analyst at Barclays Capital in Tokyo.

He added that the Canadian dollar and the Norwegian krone would likely perform better than the rest of the market, while European currencies would lag behind.

He said that the US currency should rise this year against the euro;

The United States is recovering faster than most other countries.

The US dollar fell 0.2% to 1.2611 Canadian dollars in Asia, to decline for a third day, and touched the lowest level in 3 years at 1.2607 Canadian dollars overnight, after the Bank of Canada chose not to cut interest rates.

The dollar fell 0.4% to 8,456 NOK, which is also the third day of decline.

The Australian dollar rose 0.4% to 77.74 US cents, adding to the 0.7% rise achieved in the previous session.

Data released on Thursday showed that Australia recorded another strong hiring increase in December.

The dollar lost 0.2% to 103.59 yen, another safe-haven currency today, after falling to a two-week low of 103.33.

Profit of the euro 0.2%;

To reflect a similar decline recorded in the previous session, to trade at $ 1.2135.

The dollar index fell 0.2% to 90.268, declining for a third day since it touched nearly a month's high of 90.956 on Monday.

The US currency started the year with a stronger rise, supported by an increase in US Treasury bond yields, in reaction to Biden’s massive stimulus plan, but many analysts expect the dollar to return to the downward path it witnessed during 2020 with a loss of about 7%, in light of expectations that monetary policy in the states The United States will remain very facilitative, and hopes for a global recovery after the pandemic.