Monthly US ADP employment figures due at 8:15 am ET Wednesday are in focus as everyone searches for information on how the employment market is faring. The Econoday consensus forecast looks for private payrolls up 25,000 in October after declining by 32,000 in September.

At 10 am ET, the service sector purchasing managers' report from the Institute for Supply Management is scheduled. Expectations for the ISM services index look for 51.0 for October, up from 50.0 in September. A figure just above 50 would suggest marginal expansion in services business activity on the month. That would be better than the ISM manufacturing index which slipped to 48.7 in October from 49.1 in September for its eighth consecutive month below 50, indicating sequential contraction.

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.