Europe shares pare gains after touching 13-mth high

LONDON, Nov 16 (Reuters) - European shares pared gains after briefly touching a 13-month high in early afternoon trade on Monday, after the New York Federal manufacturing index fell in November, although U.S. retail sales rose faster-than-expected.

By 1339 GMT, the pan-European FTSEurofirst 300 .FTEU3 index of top shares was up 0.9 percent at 1,028.17 points, after hitting a 13-month high of 1,031.41.

The New York Federal Reserve said in a report that manufacturing in New York State fell in November, suggesting factory activity moderating for the first time in four months.

Banks added the most points to the index. HSBC (HSBA.L), Banco Santander (SAN.MC), Credit Suisse (CSGN.VX) and UBS (UBSN.VX) were up 0.8 to 2 percent. (Reporting by Joanne Frearson)