As the month of November draws to a close and markets await the seasonal “Santa rally”, investors will likely be looking out for these in the week ahead:
Investors will get a sense of how Japan’s economy fared at the start of the fourth quarter when a flurry of data including inflation, household spending, jobs numbers, retail sales and industrial output for the month of October are released on Friday.
This followed shocking data last week which showed third quarter gross domestic product shrinking an annualized 1.6 percent, putting the economy in technical recession. The dismal report card prompted Prime Minister Shinzo Abe to delay a second sales tax hike and call a snap election.
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