After another very disappointing reading in the US consumer confidence report on Tuesday, attention turns on Wednesday to US new home sales due at 10 am ET.

Expectations for new home sales call for a decline to an annual rate of 680,000 in January, down from 698,000 in December. The consumer confidence report added to concern that consumers are pulling back and that the economy may be headed toward a harder landing than the market expects.

On Tuesday, the Conference Board's consumer confidence index declined much more than expected to 98.3 in February, down from a revised 105.3 (previously 104.1) in January, and below expectations of 103.0. Consumers appear to be fretting about an increasingly uncertain economic environment, reflecting worries about the Trump administration's tariffs and other policies, and inflation expectations have worsened dramatically. Economic indicators pointing to the downside fueled risk-off moves Tuesday in financial markets as they did on Friday with stocks coming off sharply and US Treasuries rallying in a flight to quality.

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.