Daily Economic Outlook: 26th November, 2015

Japan's October CPI and labor market data will draw market attention today. In the last policy meeting, BoJ did not make any change on broad assessment of inflation expectations. The headline CPI is priced to stay in negative territory at -0.1% y/y for October, foresees Lloyds Bank. It also anticipates some modest policy easing by BoJ in October to 0.8% from 0.9%. 

In the euro area, ECB's easing in credit conditions supports the economic activity of the region. In the past couple of months, a weaker pace is observed in the growth of annual money supply in the euro area. The consumer spending in German is supported by solid consumer confidence.

"Since hitting a thirteen year high in June, the GfK measure of German consumer confidence has weakened in recent months and a further easing is expected in the reading for December. However, it still remains elevated and points to the prospect of further gains in German consumer activity", added Lloyds Bank.