Japan will release a slew of data this week and companies around Asia will unveil earnings reports, while markets will likely continue nervously watching Europe for any terrorism developments.
Japan's raft of data will likely be closely watched after indicators last week showed Japanese exports fell for the first time in 14 months in October and the economy slipped into recession in the July-to-September quarter.
The minutes from the most recent Bank of Japan meeting will be on tap Wednesday. The bank last week kept its policy unchanged despite recent poor data.
On Friday, Japan's consumer price index (CPI), household expenditures and an update on the employment situation are due, capping the end of a holiday-shortened week. Japan's markets will be closed Monday for the Labor Thanksgiving holiday.
Moody's Analytics expects October's core CPI will fall 0.1 percent on year for the fourth month in a row.
"The central bank's 2 percent inflation target by mid-2016 remains out of reach as low global commodity prices combined with subdued domestic demand continues to dampen price growth. Inflation expectations have also weakened in October, and this may prompt the Bank of Japan to ease monetary policy further," the ratings agency wrote in a note last week.
Moody's also expects October's unemployment rate stayed unchanged at 3.4 percent, while it forecasts a 0.2 percent on-year fall in October household expenditures.
Among companies reporting earnings this week, Malaysia's AirAsia is expected to post Wednesday earnings per share (EPS) of 0.08 ringgit. Despite a fillip from lower oil prices globally, the carrier has faced headwinds from the weak Malaysian currency.
Taiwan has a busy data week ahead, with October industrial production and domestic trade on Monday and gross domestic product (GDP) on Friday. Moody's expects GDP likely contracted around 1 percent on-year, in line with preliminary estimates.
On Thursday, Singapore will report Industrial production for October and the Philippines will post GDP, which Moody's forecasting that the country likely grew 5.8 percent on-year in the July-to-September quarter on the back of higher government spending.
Jittery markets will also watch for further news on the terrorism front.
Attacks in Paris on November 20 have led to multiple police raids. The Islamic State group has claimed responsibility for the deadly attacks. In response, France stepped up air strikes on Islamic State's declared capital of Raqqa in Syria.
Attacks orchestrated by the Islamic State have surged recently; in the past month, the militant group is believed to be responsible for attacks in Ankara in Turkey, Egypt's Sinai Peninsula, Beirut in Lebanon and in Paris.
A worsening terrorist threat in Western Europe could eventually hamper economic growth in the region, ratings agency Standard & Poor's (S&P) said on Thursday.
- Katy Barnato contributed to this report