Daily Economic Outlook: 11th December, 2015

Today's retail sales report for November along with next week's CPI data will indicates the economic outlook of the United States, and thereby the figures could impact on market expectations Fed's rate hike.

"The report is expected to reinforce the positive mood about domestic demand with headline sales expected to strengthen to 0.4% m/m in November from 0.1% in October, underpinned by strong vehicle sales over the month", says Lloyds Bank.  

U.K. construction output for October is due today. The figure posted a negative growth of 2.2% in Q3. However, it is expected to post a modest growth of 0.5% during the reference period, estimates Lloyds Bank. In addition to this, BoE's Martin Weale is scheduled to speak on pension reforms at the NIESR conference will be in focus. In the euro area, market will be waiting for ECB's targeted LTRO today.