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CAC 40 Moves Higher On Hopes For US-China Trade Deal

French stocks were moving higher on Wednesday amid optimism the U.S. and China might be able to resolve their long-running trade dispute before the March 1 deadline.

Meanwhile, U.S. President Donald Trump expressed displeasure with a deal by congressional negotiators on border security spending but played down the chances of another government shutdown.

Elsewhere, Britain's opposition Labour Party said it would back a proposal to try to force the government to take "crucial decisions" on its Brexit plans by the middle of March.

The benchmark CAC 40 was up 18 points or 0.36 percent at 5,074 in opening deals after rising 0.8 percent on Tuesday.

Automaker Renault rose 1 percent and Peugeot gained half a percent as tariff worries eased.

Rexel advanced 1.4 percent. The distributor of electrical supplies has narrowed its fourth-quarter net loss to 25.9 million euros from 59.1 million euros in the year-ago period.

Asset manager Amundi soared 4.4 percent after confirming its profit targets for 2020.

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