1.30pm sees the US release it's much anticipated inflation number.
Analysts are expecting annualised growth of 3.1% which will be slightly down from the 3.2% last month.
Traders will be glued to their screens to see the outcome.
The fear is starting to enter the market of potential deflation. If interest rates put too much of a brake on the economy we could see a drop in prices in the future.
From the UK we saw the unemployment rate come in at the expected 4.2%, and at breakfast tomorrow there's UK GDP numbers out.
The expectation for the GDP number is monthly contraction of -0.1%.
The growth in average earnings in the UK has slowed down as well this month to annualised growth of 7.2%. However this is now way ahead of inflation, and it's this story that dominates business news today.
US: 13:30 Inflation Number
JPN: 23:50 Taikan Manufacturing Index
UK: Wednesday 07:00 Monthly GDP Number
UK: Wednesday 07:00 Trade Balance
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