Daily Economic Outlook: 14th December, 2015

Euro area industrial production and speeches from ECB President Draghi and the Bank of England's Shafik are expected to draw markets' attention today. CPI inflation In the U.K. due on Tuesday and labour market data on Wednesday will be in domestic markets' focus. 

"We look for a small rise of 0.3%m/m for euro area industrial production in October. German output, already released, disappointed with a smaller-than-expected rise of 0.1% (excluding construction), potentially reflecting ongoing soft external demand, but outturns were somewhat stronger in France and Italy", estimates Lloyds Bank. 

Markets will be eagerly waiting for the Fed's rate decision on Wednesday. The Fed is expected to hike rate first times after almost 10 years. Meanwhile, US CPI and industrial production figures for November will be released this week, but these readings are unlikely to change the rate hike expectation. 

In addition to the Fed, the Riksbank, Norges Bank and Bank of Japan are also expected to review their bank rates this week.