Banking concerns trigger global market decline.

The stock market is set for a sharp decline as Credit Suisse's shares sank nearly 30% early Wednesday, dragging down U.S. bank stocks. Investors are also digesting cooler-than-expected February producer price data after Tuesday's as-expected consumer price print. The market still puts over 50% odds on a quarter-point Fed interest rate increase. BlackRock CEO Larry Fink doubles down on the need to know real risks, including climate change. Wednesday is the first day of unfettered commerce with China, as exporters can meet with the Chinese to assess actual demand.