The US new home sales report due at 10 am ET is in focus Wednesday. Expectations call for sales at a 649,000 annual rate in August, down from 652,000 in July.

US Mortgage Bankers Association data for the week ended Sept. 19, due at 7 am ET, are also attracting attention. Mortgage applications have bounced back lately with falling mortgage rates and refinancing has surged. In the prior week ended Sept. 12, composite mortgage applications jumped by 29.7 percent from the previous week.

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.