Daily Economic Outlook: 12th November 2015

Swedish CPI, Eurozone industrial production and US weekly jobless claims data are expected to release today. The Swedish numbers deserve extra mention in light of the Riksbank's recent decision to expand its QE programme and its willingness to cut rates further. Markets are looking for Sweden October CPI to stay at 0.1%y/y, but for CPIF to edge up to 1.1%y/y, notes Lloyds Bank.

Fed Chair Yellen is likely to give welcoming remarks, but more detailed comments may come from Evans, Dudley and Fischer. In particular, the views of the potential for December liftoff from dovish Evans could garner the most attention. Lacker and Bullard, both on the more hawkish end of the spectrum, are also scheduled to speak.

ECB President Draghi will speak at the quarterly hearing before the European Parliament's Economic and Monetary Affairs Committee today morning. His comments will be closely scrutinised to gauge the degree of consensus on the Governing Council to expand the QE programme and/or cut the deposit rate at the next meeting on 3 December. 

More hawkish members have indicated caution about easing policy further, but Mr Draghi last week reaffirmed comments he made at the last press conference that "the degree of monetary accommodation will need to be re-examined". In the UK, Bank of England Chief Economist Haldane is due to speak at 17:00GMT.