European shares fell for a fifth straight session to a new three-month low, led down by commodities stocks, with investors becoming jittery before the US Federal Reserve's policy meeting and next week's EU referendum in Britain.
The pan-European FTSEurofirst 300 index dropped 1.0 per cent to its lowest level since late February, while the broader STOXX Europe 600 index also fell 1.1 per cent.
European basic resources and oil and gas indexes fell 2.4 per cent and 1.5 per cent respectively, tracking weaker commodities prices.
Swiss money manager GAM Holding fell nearly 15 per cent to a 4-1/2 year low after warning it expects a roughly 50 per cent year-on-year fall in first-half underlying profit before tax, mainly due to lower performance fees.
However, shares in Premier Farnell surged 48 per cent after Daetwyler Holding agreed to buy Premier Farnell in an all-cash offer that valued the British electronic component distributor at just over 1 billion Swiss francs ($1.04 billion).
Uncertainty over this week's two-day Fed meeting, starting later in the day, also weighed on markets, though the US central bank is widely expected to leave rates unchanged after the much weaker-than-expected May nonfarm payrolls report, according to a news agency report.
-SRS-
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