European shares pare gains on weaker U.S. data

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LONDON | Tue Jan 31, 2012 12:39pm EST

LONDON (Reuters) - European shares trimmed gains on Tuesday after weaker-than-expected U.S. consumer confidence readings and other data cast some doubt on the strength of the recovery in the world's biggest economy.

At 1512 GMT, the FTSEurofirst 300 .FTEU3 index of leading European shares was 0.7 percent higher 1,037.60 points, after rising as high as 1,042.27 earlier.

(Reporting by Brian Gorman)

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