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CAC 40 Little Changed In Choppy Trade

French stocks pared early gains to turn flat on Monday as global growth worries persisted and investors awaited more news from U.S.-China trade talks.

The benchmark CAC 40 was marginally higher at 5,233 in opening deals after closing 0.7 percent lower on Friday.

Aerospace group Safran fell 1.3 percent after a Boeing 737 MAX plane operated by Ethiopian Airlines crashed. Boeing rival Airbus rose 0.3 percent.

Tire maker Michelin Cie Des Estb slid half a percent. The company has acquired 88 percent of PT Multistrada Arah Sarana TBK, a tire manufacturer based in Indonesia, for $480 million.

Automaker Renault advanced 1.8 percent and Peugeot gained 0.4 percent. Nissan Motor, Renault and Mitsubishi Motors will create a new decision-making body to discuss business collaboration across the three-way alliance, replacing a setup that concentrated power in former chief Carlos Ghosn, Nikkei Asian Review reported.

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