Daily Economic Outlook: 3rd December, 2015

The United States ISM non-manufacturing survey is scheduled to release today, while Fed speakers include Chair Yellen are likely to speak at 15:00GMT. In the U.K., services PMI for November are due today. The figure is expected to fall marginally to 54.5, says Lloyds Bank.

The main focus will be on ECB's policy decision today. The flash CPI in euro area disappointed yesterday as annual core inflation for November fell to 0.9%. Markets expect the Bank to extent the QE program at least 6 months and increase monthly pace of purchase. Moreover, the ECB is expected to cut its deposit rate by 20bps to -0.4%, foresees Lloyds Bank.