Daily Market Commentary Flash Note - 14 December 2020

Currencies	Rand falters as Covid-19 infections increase.
Commodities	Oil advanced toward $47 a barrel before the rollout of the first Covid-19 vaccine in the U.S..
Equities	Global markets are mostly higher as vaccine rollouts and an extension in Brexit negotiations keep risk-on sentiment into the year end.

Date	Region	Event	Actual/Expected/Prior	Implications
14/12	SA	BER consumer confidence	–/–/-23	Confidence us expected to recover marginally in Q4.
15/12	CH	Various	—	Retail sales, industrial production and investment would have likely risen in November.
15/12	US	Industrial production	–/0.3%/1.1%	Production growth could slow after post-lockdown surge.
16/12	US	Retail Sales	–/-0.3%/0.3%	Spending eases during second wave of pandemic.
16/12	US	FOMC rate decision	–/0.25%/0.25%	Fed expected to announce more stimulus measures to support the economy during the pandemic.
17/12	UK	BOE rate decision	–/0.10%/0.10%	BOE expected to leave rates unchanged.