LONDON (MarketWatch) -- European shares rose in early trading on Tuesday, taking back a portion of the previous session's heavy losses. Of companies reporting on Tuesday, shares of real estate developer British Land (UK:BLND 496.20, 0.00, 0.00%) rose 1.3% after it narrowed its first-quarter loss. In the banking sector, HSBC Holdings (HBC 52.47, -1.65, -3.05%) rose 2.6% after a broker upgrade. The pan-European Dow Jones Stoxx 600 index rose 0.5%.