The highlights for Asian markets this week include a slew of Japanese data and third quarter economic growth data from India.
The Thanksgiving Day holiday in the U.S. on Thursday could lead to subdued trading in markets and analysts expect investors globally to focus on durable goods and house price data released early in the week for insight on when the Federal Reserve may start to scale back its monetary stimulus.
(Read more: Stocks enter holiday season with a tailwind)
"The real big question at the moment is what happens with monetary policy and watching the Fed is still the key thing for markets at the moment," Paul Bloxham, chief economist for Australia and New Zealand at HSBC, told CNBC Asia's "Squawk Box." "The economic data is looking better and that means the Fed is probably going to start tapering sometime in the first quarter of next year."
In Japan, markets brace for a deluge of data due for release towards the end of the week.
October retail sales, inflation, jobs, industrial production and household spending data are all on the calendar.