In global macro news on Wednesday, UK consumer price figures will be in focus as investors watch to see if inflation has cooled. The report is due at 7 am GMT (3 am ET). Expectations for CPI look for an annual increase of 2.9 percent, down from 3.0 percent in January. The report will be followed by the UK chancellor's spring budget statement.

In the US, the market continues to brace for news at any time on President Trump's tariff plans. On Monday, reports suggested Trump was softening on plans for across the board reciprocal tariffs starting on April 2 as planned, which set off a rally in risk assets. At the same time, Trump threatened a new kind of tariff, a 25 percent levy on countries that import Venezuelan oil. That news lifted oil prices and added a new level of uncertainty to an already murky and unpredictable situation.

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.