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CAC 40 Rises Ahead Of Fresh Round Of Sino-U.S. Trade Talks

French stocks were moving higher Monday morning, with investors indulging in some selective buying amid optimism about a new round of trade negotiations between the U.S. and China that begin later this week in Beijing.

Markets across Europe suffered a few setbacks last week, weighed down by a lack of progress in Sino-U.S. trade talks and the European Union's downward revision in its growth forecast for the Euro area.

On Friday, the CAC 40 ended lower by about 0.48%.

Capgemini is rising nearly 3%. Peugeot, STMicroelectronics, Airbus Group and Atos are up 2 to 2.2%.

Unibail Rodamco, ArcelorMittal, Louis Vuitton, Vinci, Veolia Environment, Technip, Accor, AXA, Kering and BNP Paribas are rising 1.3 to 2%.

Societe Generale, which saw some weak spells in recent sessions, remains subdued, trading nearly 0.6% down.

On The U.S.-China trade front, U.S. Treasury Secretary Steven Mnuchin and other U.S. officials are scheduled to travel to Beijing this week to continue trade negotiations. Last week, U.S. President Trump had ruled out meeting the Chinese President Xi Jinping anytime before the expiry of March 1 deadline.

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