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European stock markets trod water Wednesday as investors girded themselves for what German Chancellor Angela Merkel called a "contentious" summit of Group of Seven nations later this week. Wall Street rose on data showing that the U.S. trade gap is narrowing.G-7 leaders will descend on Quebec this Friday and Saturday for a summit dominated by world trade after U.S. President Donald Trump slapped Canada, Mexico and the European Union with steel and aluminum tariffs.The stock markets were also looking ahead to monetary policy decisions next week by both the U.S. Federal Reserve and the European Central Bank, analysts said.
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