India, March 6 -- After a positive start, the French stock market retreated Thursday morning, and is modestly lower now with investors taking some profits at a few frontline counters.

The undertone remains a bit positive following U.S. President Donald Trump's decision to delay imposition of tariffs by another month on automobiles imported into the U.S. from Mexico and Canada. The move has raised hopes the Trump administration might consider some relaxation or exemptions on other products as well.

Investors are also hoping for an interest rate cut by the European Central Bank later today.

The benchmark CAC 40, which advanced to 8,226.19 in early trades, was down 47.65 or nearly 0.6% at 8,126.10 a little while ago.

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