European shares rise after U.S. data

LONDON, Nov 2 - European shares rose on Monday after data showed pending sales of previously owned U.S. homes unexpectedly rose in September and the U.S. manufacturing sector grew in October for the third consecutive month.

By 1511 GMT, the pan-European FTSEurofirst 300 <.FTEU3> index of top shares was up 0.4 percent at 980.63 points, having earlier been as low as 968.19 points.

Banks recovered from earlier falls to feature among the biggest risers. HSBC <HSBA.L>, BNP Paribas <BNPP.PA> and UniCredit <CRDI.MI> were up 2 to 2.9 percent.