Wednesday , October 18 2017
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Bitcoins, French Economic Data and Much More

A continuation of bitcoin’s rally. There’s little consensus as to why it’s surging, but the cryptocurrency hit its highest price since August 2014 over the weekend.

French economic data. France will release GDP data for the first quarter, as the country’s unemployment rate remains around 10%, and strikes and clashes over reforms to its labor laws seem likely to persist.

Germany reports on inflation. Europe’s economic powerhouse will reveal regional inflation numbers first, followed by the national tally around midday. A month-on-month rise of 0.3% is expected, which would pull the year-on-year reading back into positive territory.

Markets are closed in the US and UK. The US is enjoying its Memorial Day holiday. The UK markets are shuttered for the spring bank holiday.

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