Daily Market Commentary Flash Note

Currencies	Foreign exchange markets hold steady.
Commodities	Gold slipped after advancing for four days.
Equities	Asian stocks were little changed amid low volumes, with China and South Korea markets closed.
Economics	SA Business confidence on the road to recovery; Japanese PPI remains in deflation; Chinese CPI fell into deflation; Chinese PPI rose; US CPI unchanged.

Date	Region	Event	Actual/Expected/Prior	Implications
02/10	SA	SACCI Business confidence	94.5/93.0/94.3	Improved economic activity and better financial market conditions.
02/10	US	CPI	–/1.5%/1.4%	Unchanged at 1.4% y/y in January, worse than consensus estimates for a rise to 1.5%.
02/11	SA	Mining Production	–/-5.2%/-11.6%	Stricter lockdown restrictions in export countries could hamper on production. Electricity supply constraints.
02/11	SA	Manufacturing production	–/-1.0%/-3.5%	Effects of the pandemic continue to weigh down on industries. Electricity supply constraints.
02/12	UK	GDP	–/0.5%/16%	GDP rose 0.6% in October and dropped by 2.6% in November; December will be impacted by the tightening of restrictions towards the later part of the month.