Markets will watch closely the ADP jobs report due at 8:15 am ET Thursday as a gauge of the health of the employment market. The interest level rose after news Wednesday that job openings dipped more than expected to a 7.181 million rate in July from 7.357 million in June. The job openings data, known as the JOLTS report, certainly jolted markets into rising concern that the employment market is starting to crack. The Econoday consensus looks for ADP to report private payrolls rose a modest 68K in August from July, down from 104K in July. The Fed is hoping to avoid that Wiley E. Coyote moment when jobs plunge off a cliff.

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.