European shares pared early losses on Monday and turned positive as recently-hammered banks bounced back, eclipsing sharp losses in mining shares, hit by fears over a global economic slowdown.
FTSEurofirst 300 index of top European shares was up 0.6 per cent at 887.66 points, with BNP Paribas up 5.3 per cent while Rio Tinto was down 1.4 per cent.
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