Daily Economic Outlook: 17th December, 2015

After the Fed's rate hike announced yesterday, the markets' attention will now shift towards the UK and the euro area. The November retail sales data in U.K. is scheduled to release today. The figure for last two months remained quite volatile is expected to soft in November. 

"We forecast a rebound in spending of 0.9%following October's disappointing outturn. However, consumer spending data at this time have always been notoriously difficult to measure and recent innovations such as internet sales and 'Black Friday' have confused things further. So the probability of a surprise is significant", argues Lloyds bank. 

In addition to euro zone labor cost figure, The German IFO survey report will be focused on. The report will update on economic activity in December. The ZEW and PMIs surveys published in this week indicate a solid economic outlook in 2015. 

Weekly jobless claims in the U.S. and the December Philadelphia Fed index are expected to release today.