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MW: European shares pare early losses
 
By Sarah Turner
LONDON (MarketWatch) -- European shares moved off their worst levels on Monday, helped by gains for banks and miners. Shares of lender Societe Generale (FR:GLE 43.51, +1.07, +2.52%) rose 2.7% while shares of miner BHP Billiton (UK:BLT 1,957, +22.50, +1.16%) climbed 1.2%. Also, Philips Electronics (NL:PHIA 21.45, +1.11, +5.46%) gained 5.6% after it swung to a quarterly profit. The U.K. FTSE 100 index rose 0.3% to 5,317.22, the French CAC-40 index traded flat at 3,821.51 while the German DAX index declined 0.3% to 5,676.39.
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