After a rough start to the new year, markets this week will be eyeing key economic data from Asia’s three largest economies amid the backdrop of slumping oil prices and uncertainty in Europe.
Japan’s core machinery orders, due Wednesday, are seen improving for the month of November. Economists polled by Reuters forecast the leading indicator of capital spending rebounding 5 percent on month, after a decline of 6.4 percent in October.
Year-on-year, machinery orders are expected to fall 5 percent in November from a year ago, versus a 4.9 percent decline in the month before.
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