Daily Economic Outlook: 16th November 2015

The final euro area CPI prints for October and US Empire manufacturing survey will draw markets' attention today. The headline CPI growth of the euro area relapsed into negative territory during September.

"We expect another -0.1% y/y print as downside signals from the latest BRC survey look set to be offset by forecourt prices. Meanwhile, the core rate, which excludes energy and food, is anticipated to edge down to 0.9% y/y from 1.0% in September. After spending linked to the Rugby World Cup propelled headline retail sales to 1.9% m/m (6.5% y/y) in September, we are looking for a flat October reading from Thursday's release. This would still leave annual sales growing by a very healthy 4.9%", says Lloyds Bank.  

There is a speculation of the monetary policies of the FOMC and ECB are likely to move in opposite directions in December.