The French market is up marginally on Monday, mirroring the positive trend in other major in the European region and the largely firm close in Asia.

Despite the setback at the G7 summit, the mood in most of the markets across the globe is fairly positive on hopes the the US - North Korea summits would help ease tension in the Korean peninsula.

Arcelor Mittal is gaining 1.7 percent. ST Microelectronics, Societe Generale, Essilor International, Credit Agricole, AXA, Publicis Groupe, Cap Gemini, Vivendi, BNP Paribas, Accor and Air Liquide are up 0.8 to 1.2 percent.

Renault, Michelin, Saint Gobain, Louis Vuitton and Peugeot are weak.

The benchmark CAC 40 is up 7.70 points or 0.14 percent at 5,457.91. On Friday, the index ended marginally up.

In economic news, a survey from Bank of France revealed the country's is forecast to grow at a slightly faster pace in the second quarter. The central bank kept is growth forecast for the second quarter unchanged at 0.3 percent. In the first quarter of this fiscal, the economy saw 0.2 percent growth.

The manufacturing confidence dropped to 100.0 in May from 102.0 in April. The sentiment indicator in services declined to 101 May, from a score of 102 a month earlier.

Meanwhile, industrial production subsided slightly in May, but business leaders expect industrial activity to grow substantially in June. The business confidence index in construction held steady at 105 in May, after 104 in April. Business leaders expect construction activity to rise sharply in June.

by P2PNews Staff Writer

editorial@p2pnews.com

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