Daily Economic Outlook: 7th December, 2015

The industrial production data in German for October is scheduled to release today. The reading will give an indication of  the  Q4 GDP outlook.

"Following two months of consecutive decline, we forecast an increase of 0.8% m/m in October. A significant contribution to this pickup is expected to come from a rebound in manufacturing output", states Lloyds Bank.   

Last week, the U.S. employment report for November posted better than expected result. The robust employment report along with FOMC members' recent statements supports the markets expectation of Fed's first rate hike after June 2006. As the markets are expecting Fed's rate hike decision next week, market is expected to be silent this week.  St. Louis Fed President Bullard is expected to support a rate rise at the December meeting in his today's comment.