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The Moscow Exchange index rose 0.97% to 3,415. 72 points, and the RTS-0.69% to 1,428. 04 points. The domestic market was trading in the black after Asia and Europe. The oil was able to escape from the morning gloom.



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The street activity over the weekend did not have a significant impact on investors, as it seemed very modest and inappropriate. However, the ruble started the day with a solid strengthening, but then reduced its growth on the fresh statements of European politicians.

The volume of transactions on the main section of the Moscow Exchange reached 45 billion rubles by the middle of the day. Only the transport sector, which lost more than 0.3%, was in the red, but the financial sector again led the way with an increase of 1.7%. The weakness in the transport sector is linked to a drop in Aeroflot shares of more than 1.2%.

Retail chains and the construction sector have benefited from this pandemic
LSR confirmed the general trend in the construction industry. Sales in 2020 increased by 12% and amounted to 95 billion rubles. The average property price increased by 14%. The share of sales involving mortgages rose to 64% from 47% a year earlier.
 

Acron reports an increase in industrial production by 7% to almost 8 million tons by 2020.

The most significant growth of 15% was in the direction of industrial products. Lenta retail chain increased its retail revenue in 2020 by 7.3% to RUB 438 billion. Sales at comparable stores (LFL) rose 5.4%, while average receipts rose 11.6%. Total revenue increased by 6.7% to RUB 445.544 billion. Note that all retailers reported an increase in revenue, an increase in the average check, along with an increase in comparable sales and a decrease in traffic.

However, if we take into account the very rapid growth  and reviews of online sales, then this decline finds a logical explanation. Leaders index MOSBERG became a "Magnet", "System", "inter RAO", "Polymetal" and a Group of TCS. The outsiders were Aeroflot. Global-Trans, Rosseti, Head Hunter, and FGC UES.

The ruble is again subject to foreign policy pressure

The ruble started the day with a strong strengthening, reaching at the moment 74.53 dollars and 90.78 euros. By the middle of Moscow trading, a barrel of Brent was worth about 4,190 rubles. MosPrime rates were 4.56% for the day, 4.58% for the week, and 4.68% for the month. The ruble continues to be affected by foreign policy risks.

The PACE once again questioned the credentials of the Russian delegation. There are also calls from Europe about the fate of" peaceful demonstrators", and in Russia they express direct complaints to the American embassy. In general, the details are not particularly important, but the overall background remains nervous for the Russian currency, which has shown a willingness to strengthen.

In fact, the current exchange rate of the ruble is 10% -15% of foreign policy risks, the mitigation of which can bring the dollar to 70.0 rubles or even to 65.0, but so far this scenario is unlikely to be implemented. In the global Forex market, the dollar index eliminated almost all of the morning losses and returned to the level of 90.28 points. In a pair with the euro, the dollar strengthened by 0.15%. By 15: 30 Moscow time:

USD-RUB — 75,35 (+0,07%),
EUR-RUB — 91,58 (-0,05%),
EUR-USD — $1,215 (-0,13%),
GBP-USD — $1,368 (-0,05%),
USD-JPY — 103,81 (+0,04%).

German business pessimism grows

European indices started the day with a rapid growth, but then turned red. The travel and hospitality sector was the weakest. On Monday, new US President Joe Biden is expected to sign a decree banning the entry of non-Americans from South Africa, Brazil and a number of European countries where more active strains of the coronavirus have been detected. Philips shares were among the leaders on the back of reports that showed a 7% increase in core profit due to increased demand for hospital equipment.

In Germany, the business expectations index fell to 91.1 points in January from 93.0 points in December. The assessment of the current situation also deteriorated to 89.2 p from 91.3 p. The IFO business climate index fell to 90.1 points from 91.8 points in December.

It should also be noted that on Monday, the World Economic Forum will start in Davos, which will be held in a digital format, within which Chinese President Xi Jinping will speak, but US President Joe Biden will not speak, which has already been called a landmark sign of the time when China is increasingly asserting its global leadership.

According to the United Nations Conference on Trade and Development, China received $ 163 billion in foreign direct investment in 2020, while the United States received only $ 134 billion. By 15: 30 Moscow time:

FTSE 100 — 6,652. 07 p. (-0.64%),
DAX — 13773.96 p. (-0.72%),
CAC 40 — 5517.92 p. (-0.75%).

Libya has restricted exports due to disputes about the distribution of income
Oil was able to get out of the morning gloom, which was associated with both the growth of stocks in the United States, and with continuing concerns about weak demand due to the extension of quarantine measures in Europe and the increase in quarantine zones in China.
 

Purchases intensified after reports of the arrest of ships under the Iranian and Panamanian flags on suspicion of illegal oil transportation. From Libya, there are reports of the suspension of supplies from several ports due to disagreements over the distribution of revenue between the authorities in Tripoli and Benghazi. Also this week, discussions are expected to begin on a $1.9 trillion "bailout of America" package, which could potentially be another reason for a significant weakening of the dollar. By 15: 30 Moscow time:

Brent — $55,54 (+0,23%),
WTI — $52,39 (+0,23%),
Gold — $1862.3 (+0.33%),
Copper — $7982.97 (-0.14%),
Nickel — $18,285 (+0.09%).

The technology is again in demand on the expectations of a longer " sitting at home»

Major U.S. index futures pointed to a mixed start to the day. The NASDAQ may rise 0.9%, but the Dow Jones may fall 0.4%. Ahead of one of the busiest weeks of the reporting. 111 companies from the S&P 500 index will report their results for the fourth quarter. On Monday, shares of Apple and Tesla, which will report on Wednesday, are rising in extended trading. Surprises from companies are quite possible, as already 73% of those who reported were able to exceed Wall Street expectations in both revenue and profit.

It is possible that the ban on the entry of citizens from countries with more dangerous strains of coronavirus will negatively affect the actions of airlines. Also up for auction will be affected by the information about mutations of the virus from which the vaccine does not protect. The Russian market is largely growing against the background of lower expectations of a likely strengthening of the ruble. During periods when money loses its value, investors prefer to place their funds in real assets.

The most suitable stocks for active traders

We open a new season of estimates of the volatility of the domestic stock market with an analysis of the volatility of securities from the MOSBIRZHI index for January 2021.

Dynamic assessment of volatility allows you to identify trends in the risk parameters of the instruments.You can also find out more information from deltamarket, which has proven itself with good reviews.

Analysis of the volatility of the exchange value of shares can be useful for speculative bidders who make frequent short-term transactions, hoping to increase their profitability.

The results of the risk analysis of securities may also be useful for conservative investors in order to avoid buying instruments with increased uncertainty of price dynamics in the short term.

As a risk measure, we use the standard deviation of the returns of instruments, or the "sigma" coefficient (), normalized by the number of observation periods. In our case — a shortened holiday in January, or 19 trading days.

In the first half of January, the world stock markets

 

Including the Russian one, rewritten the absolute historical highs. The exhaustion of local positivity and increased uncertainty led, on the one hand, to the preservation of increased trading volatility, and, on the other, to the development of market — wide corrective sentiment. By the end of the month, the MOSBIRZHI index fell back by 7% from its peak levels, losing all the gains of recent weeks.

The tendency of the monthly volatility of stocks remains.

Once again, the permanent participant of the variability rating — TCS Group-is in the arena. Explosive volatility brought the securities to the market leaders (the sigma TCS coefficient is 5 times higher than the risk parameters of the Mosbirzhi index), while the yield did not fail.

The increase in the exchange rate for January is 25%. At the highs of the month, the securities stormed the bar of 50% against the background of changes in the structure of equity capital and expectations of the inclusion of shares in the MSCI indices.

The vertical rise in stock prices led to the exhaustion of local demand, and there were risks of a deep pullback. The analysis of the marginal risk of falling shares was carried out promptly and is presented in a separate article. So far, the probabilistic estimates are fully justified: the failure did not exceed the limit.

HeadHunter and Ozon shares retained their positions in the list of securities with increased exchange volatility. Securities only 2 months ago entered the base of the calculation of the MOSBIRZHI index, so it is too early to statistically judge the stability of trends. Nevertheless, relatively low liquidity will continue to maintain high exchange rate volatility in these instruments for a long time.

Petropavlovsk and QIWI securities fell out of the cage of high volatility relative to the previous period. The factor of falling investor interest against the background of stagnation of gold prices and risk avoidance in the securities of the payment service due to the restrictions of the Central Bank affected.

The securities of MMC Norilsk Nickel and NOVATEK are rare guests of the high volatility rating. So, at the end of the month, the stock price did not change, but within the period there was increased volatility, and the risk of the instrument is 2 times higher than the risk metrics of the MOSBIRZHI index itself.

The reasons for the jump in the volatility of issuers ' shares lie in the sharp rise in base metals and gas prices to multi-year highs. You can learn about the pricing features of the international natural gas market in a special training material.

In February, there is a high probability that the increased volatility of the stock market will continue, which provides an increase in opportunities for speculators. On the one hand, the current levels of risk instruments for the most part already contain positive drivers of economic recovery and the passage of the acute phase of the pandemic, which causes the activity of players to decline.
 

 On the other hand, the constant expansion of fiscal stimulus by global governments will fuel equity markets, causing spikes in securities purchases.

Fast tracked cash, food assistance release sought

The Anti-Red Tape Authority (ARTA), the Department of Interior and Local Government (DILG), and the Department of Social Welfare and Development (DSWD) are now working on expediting the release of cash and food assistance to marginalized and poor communities.

In a statement on Tuesday, ARTA said this is in line with President Rodrigo Duterte's directive to simplify the process of giving out assistance.


In an initial meeting, ARTA, DILG, and DSWD discussed the concerns and issues on the current process of distributing food and cash assistance to communities.

ARTA said that in the coming days, the agencies will further coordinate on expediting the process of granting the assistance to requesting local government units especially now that consecutive weather disturbances have affected various areas in the country on top of the ongoing pandemic.
Social Welfare Undersecretary Felicisimo Budiongan informed the group that the national agency's role in relief operations shall be upon receipt of request from the local chief executive of a request for augmentation and if the affected families are more than 30.

ARTA Director General Jeremiah Belgica, meanwhile, recommended instead that DSWD regional or field offices, being at ground zero of the disaster-stricken area, should already monitor if sufficient food and cash assistance have been distributed by concerned local government officials.

If none has been extended by the LGU officials within two days, the DSWD regional or field office shall automatically send a report to the central office to send food and cash assistance to the disaster-hit area.

Belgica said LGU officials concerned who do not do their part shall be subject to investigation and there will be a presumption of serious neglect of duty and grave misconduct, which are both serious offenses for administrative cases to be filed with the Office of Ombudsman and which would merit immediate preventive suspension.


"In times of calamities, a wait-and-see method is already a thing of the past. Reports and assessment of the situation at ground zero are easily verifiable with different available technologies. More than ever, we invite our disaster relief officials to be more proactive in times when our countrymen need the government the most," he said.

ABS-CBN News back on YouTube after ‘hacking incident’

ABS-CBN Corp.'s news segment restored its presence on YouTube channel, a few hours after the web-video sharing platform terminated its money owed.

The Lopez-led media giant in a announcement launched on Tuesday morning said it had been operating with YouTube to get returned the ABS-CBN News and ANC 24/7 channels.


According to the video platform, the account "has been terminated for a contravention of YouTube's Terms of Service."

The organisation became capable of retrieve its account at three:fifty eight p.M.
"The two news channels were temporarily suspended starting 6:30 a.M. After a hacking incident," it stated in a statement released late on Tuesday.

"The investigation on the incident keeps as we also enforce measures to prevent this from taking place once more," ABS-CBN brought.

Currently, it's miles boasting of 10.6 million subscribers.

The firm was trending anew on Twitter as Filipinos took to social media their frustrations following YouTube's flow in spite of the need for boosted data dissemination amid the calamity and the coronavirus pandemic.


They also claimed that the absence of the broadcast titan left many Filipinos in the dark, mainly earlier than and at some stage in the onslaught of Super Typhoon "Rolly."

ABS-CBN went off the air ultimate May because of franchise troubles. Last July 10, 70 lawmakers voted against its franchise renewal application, which must allow its broadcast and radio operations to maintain.16 centavos or 1.Forty three percentage to close at P11.04 each on Tuesday.
Listed luxury brand store SSI Group Inc. Objectives to develop the sales contribution of its e-commerce platforms to fifteen to 20 percentage within the subsequent 3 years, its top government stated.

"From an e-commerce angle, searching at the future, our goal over the next three years is to grow our e-commerce sales to round 15 to twenty percentage of our total income," SSI President Anthony Huang said all through the virtual launch in their new virtual platform on Tuesday.

Huang referred to that its e-commerce segment recorded a 401-percentage topline increase in January to September amid the implementation of community quarantine measures in the united states of america.

The organization said that on a year-to-date foundation, the contribution of its e-trade to its overall sales is around 5 percent.

Maynilad waives rate hike

Maynilad Water Services, Inc. Has waived its drawing close water fee hikes for 2021 to assist alleviate the plight of purchasers amid these difficult time as a result of the coronavirus sickness 2019 (Covid-19) pandemic.


The West Zone concessionaire, in a statement, announced on Tuesday it is "forgoing the price will increase it's far certified to put into effect within the coming yr — mainly the already-accepted rebasing adjustment for 2021, in addition to the mandated CPI (customer rate index) inflation increase for the 12 months."

Water corporations can defer any water price changes, difficulty to regulatory approval, stated Patrick Lester Ty, leader regulator of the Metropolitan Waterworks and Sewerage System (MWSS), in a textual content message.

"With this deferral, Maynilad hopes to alleviate the everyday struggles of its customers as they and the complete u . S . A . Try to get over adversity and upward push more potent than earlier than, ready to start anew," Maynilad stated.
"During these hard instances while no one is spared the monetary impact of the Covid-19 pandemic, Maynilad is one with authorities in locating ways to help our countrymen make the state of affairs extra possible," it added.

Rate rebasing is the manner of determining expenses of concessionaires Manila Water Co. Inc. And Maynilad for their water and sewerage services primarily based on their performance, charges, income, unrecovered investments and provider improvement plans. It takes place each five years.

For 2018 to 2022, the MWSS Board of Trustees authorized a water tariff boom of P5.73 consistent with cubic meter (cu.M.) for Maynilad, implemented in tranches.

Maynilad become imagined to jack up its rates by using P1.Ninety five in line with cu.M. This year and another P1.95 in keeping with cu.M. In 2021.


On the alternative hand, the CPI adjustment refers back to the annual inflation adjustment that takes place each January. It under consideration the growth in aggregate charges as measured with the aid of the CPI, among others.

Maynilad corporate communications head Jennifer Rufo stated in a message that for subsequent yr, the corporation become providing a CPI adjustment of 2.70 percent of the basic charge, which could had been an additional P1.03 in step with cu.M. Hike.

"The MWSS RO (MWSS Regulatory Office has been discussing this count with each Maynilad and Manila Water since the begin of the 12 months. We simply received the proposals of the 2 concessionaires and we're presently comparing them," said Ty.

When requested if Manila Water already signified the deferment of changing its water quotes, Ty only said the regulator is "[s]etting up a assembly with Manila Water to speak about."

PSEi slightly up ahead of US presidential polls

The fundamental index opened the shortened buying and selling week slightly in the effective territory beforehand of the US presidential polls.

The benchmark Philippine Stock Exchange index (PSEi) climbed zero.18 percentage or eleven.Fifty six factors to six,335.Fifty six, at the same time as the broader All Shares received zero.26 percentage or nine.9 factors to give up at 3,789.47 on Tuesday.


Regina Capital Development Corp. Managing Director Luis Limlingan stated nearby shares closed marginally higher in advance of the expected US elections.

"Donald Trump and Joe Biden advised electorate in key battleground states to help them with less than 24 hours to go earlier than Election Day," Limlingan stated.
He added that the markets maintain to display the growing coronavirus ailment 2019 (Covid-19) instances abroad and a flow of company income consequences for the 1/3 region.

AAA Equities head of studies Christopher Mangun, in the meantime, stated the neighborhood bourse inched better after it opened lower as traders were short to pick out-up battered stocks.

Mangun introduced that gains in small and mid-cap blue chips included the losses from huge-cap troubles.

Only the belongings zone misplaced in Manila, even as the financials region led the risers at 1.Forty two percent.


Total quantity turnover became at four.2 billion stocks valued at P6.6 billion.

The PSEi also posted another spherical of net overseas selling at P1.14 billion on Tuesday.

Gainers outpaced winners at 125 to 80, at the same time as forty seven securities have been unchanged.
The Department of Agrarian Reform (DAR) has committed to heighten get right of entry to to economic offerings of agrarian reform beneficiaries agencies (ARBOs) to be able to assist uplift the lives of the member-agrarian reform beneficiaries (ARBs), smallholder farmers and farmer groups across the usa.

In a statement on Tuesday, Agrarian Reform Undersecretary for Support Services Office Emily Padilla stated the goal is to constantly offer monetary services to forty eight,000 ARBs or 50 percentage of the centered ninety,000 cluster ARB-participants until 2022.

Beneficiaries of the Linking Smallholder Farmers to Markets with Microfinance (LinkSFarMM) initiative are ARBOs and production clusters under DAR's agro-enterprise improvement (AED) program.
According to Padilla, as of December 2019, the challenge's general accomplishment showed massive opportunities for the agri-credit applications to enlarge its outreach, on account that simplest 11 percentage or 5,222 out of its 484,000 ARBs and smallholder farmers cluster-individuals have been supplied with production loans with the aid of the eighty five or fifty two percentage of ARBOs from the 118 target websites.

There are nonetheless 89 percentage or 478,778 cluster ARB-participants who can nevertheless be furnished with financial help to enable them to conform with the production requirements of their diagnosed institutional buyers, she added.

She said subject offices were advised to evaluate their respective LinkSFarMM regions and examine the financing requirements of each the ARBOs and ARBs/SHF contributors along with their readiness to manage the fund, so that unique financial help could be extended to their manufacturing and advertising and marketing sports.

"The result in their initial assessment may be matched to the standards on eligible debtors of each DAR-initiated agri-credit software consisting of Agrarian Production Credit Program (APCP) and Expanded Assistance to Restore and Install Sustainable Enterprise (E-ARISE), among others," Padilla stated.


The undersecretary in addition stated that the unique objective of LinkSFarMM is to make smallholder farmers boom agricultural productivity. The AED method turned into followed by the DAR to discover deliver, call for and get admission to to marketplace chains of merchandise.

Under the law, the DAR is remitted to help certified agrarian reform beneficiaries uplift their financial lives. They variety from person agricultural people to cooperatives.

Finns are experimenting with a basic income

Finland has introduced a basic income-true, only for two years and only for two thousand citizens, but the Finnish experiment is already of great interest. It is a response to a global trend that is being manifested by increasingly bold calls for the introduction of guaranteed income. 560 euros - the same amount will be received monthly by finns aged 25 to 58 years covered by the experiment.

This amount will be completely exempt from tax. although it may seem absurd, its payment is designed to stimulate independence and greater activity in the labor market, since the online platform zarobotka is very relevant now, many people know about it,but many do not even suspect that you can earn as deltamarket.net  in the it field. It's also a proven source.

The topic of basic income returns from time to time, recently with increasing frequency. Six months ago, a referendum was held in Switzerland. More than a hundred thousand Swiss people have signed up for the event. Then the postulate of its introduction was rejected (78% of those who voted against it). However, the very fact that the issue was considered in this mode was a huge success for the supporters of guaranteed income.

In India, the world's largest democracy by population, its introduction is recommended by one of the country's leading economists, Arvind Subramanian. Why? It is estimated that about a third of the population lives in poverty there. in march last year, the polish basic income network was established. in poznan, a conference organized by its representatives called " 500 zlotys per child, or maybe a thousand zlotys per child?"All these signals make us take things seriously. are we witnessing a revolution in social policy?

Quaranteed income-what is it?

the definition of guaranteed income is given by the world wide web in favor of basic income (bien):

BIEN highlights 5 characteristics of basic income: regularity-guaranteed income is paid at regular intervals; therefore, it is not a one-time benefit. "cash" - basic income cannot be paid in the form of vouchers; it is necessary that the beneficiary has complete freedom in spending this money. Individuality-falls on each citizen, and not, for example, on one household. universality-paid to everyone without exception. unconditional-no award criteria. the amount of guaranteed income should allow you to meet the basic needs of life. Thus, it is the state's response to the postulate of providing every citizen with a living wage. Although the amount of 560 euros for Poles may seem high (after recalculation, we get an amount of more than 2400 zlotys), in Finnish conditions it is only 25% of the average salary. Thus, it will not lead to the fact that the standard of living of the people participating in the experiment will definitely increase. So what's the noise?

Does money motivate you to work for free?

Following the Finnish example, the guaranteed income in Poland would be about one thousand zlotys (a quarter of the average salary). How to convince the supporters of his administration, it is not about giving people the luxury at the expense of deterring their activity.


For supporters of the social policy revolution, the introduction of a basic income would be the realization of the postulate of restoring social justice. Why is this so important to them? Well, according to the Global Wealth 2016 report prepared by Credit Suisse, almost half of the world's wealth ($116.6 trillion) lies in the hands of just 0.7% of the richest part of the population. By contrast, three-quarters of the world's poorest people do... 2.4% of its wealth (just over $ 6 trillion).

EU citizens are on " yes”

Studies conducted last year by the German Dalia Research show that the postulate of the introduction of a basic income can count on the solid support of EU citizens. To the question "how would you vote if there was a referendum on the introduction of guaranteed income", as many as 64% answered "yes". Most of the supporters of this decision live in Spain (71%) and Italy (69%).