European shares pared losses on Monday to trade slightly higher, as gains in the energy sector partly offset a slump in travel stocks after Friday's attacks in Paris, which killed more than 130 people, Reuters reported. The pan-European FTSEurofirst 300 index edged up 0.16 percent and France's CAC was down 0.12 percent, while the STOXX Europe 600 Travel & Leisure index underperformed. Investors said a loss of consumer confidence following the attacks could have a short-term impact on travel and leisure stocks but few expect a prolonged economic impact or change in prevailing long-term market directions. The STOXX Europe 600 Travel & Leisure index fell 1.6 percent, with 2.6 billion euros of market capitalisation wiped off in early deals.
