Daily Economic Outlook: 19th November, 2015

Market will focus on the U.K. October retail sales report. The Headline sales volumes inched up by 1.9% m/m in September. Although the increase was partly added to firm spending related to the Rugby World Cup, other categories also performed strongly, says Lloyds Bank. The bank expects flat headline sales for the month. The retail indicators for October indicate that annual growth is likely to have eased back significantly. 

Today's publication of the October ECB meeting minutes will draw attention of the analysts as the ECB is expected to deliver further policy stimulus in the coming months. At the press conference, President Draghi gave a strong indication that more policy easing is on the table for the next meeting on 3rd December. Ahead of the minutes, comments from ECB council members Weidmann, Coeure and Praet will be closely observed.  

In the United States, the Philadelphia Fed survey for November and weekly initial jobless claims will be in focus.