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CAC 40 Marginally Higher Led By Banks

French stocks held steady in cautious trade on Monday, with easing concerns about a slowdown in global growth and growing hopes for a possible U.S.-China trade deal helping underpin investor sentiment.

The benchmark CAC 40 index was up 3 points at 5,506 in opening deals after gaining around 0.3 percent on Friday.

Advertising and public relations company Publicis Groupe jumped nearly 4 percent after it agreed to buy digital marketing firm Epsilon from Alliance Data Systems Corp. for $4.4 billion in cash.

Media conglomerate Vivendi gained 0.8 percent after its first-quarter revenues increased 10.7 percent from last year.

BNP Paribas, Credit Agricole and Societe Generale were up 1-2 percent ahead of quarterly results from a number of big U.S. banks due this week.

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