Thursday's top global macro news will begin with Australia's Labour Force Survey at 11:30 am local time (7:30 pm ET Wednesday). Expectations call for a modest 20,000 increase in employment for January and an uptick in unemployment to 4.1 percent from 4.0 percent a month earlier.

In the US, the monthly Philadelphia Fed manufacturing report is due at 8:30 am ET. The consensus looks for the index at 22.7 in February, down a lot from a surprisingly elevated 44.3 in January. As this report is an early look at manufacturing for February, a lot of attention will focus on business conditions given the threat of significant US import tariffs for Canada and Mexico President Trump supposedly taking effect on March 1.

For the Eurozone EC consumer confidence flash figures are due at 3 pm local time (10 am ET). The index is expected at minus 14.0 for February versus minus 14.2 in January.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.