European shares fell to their lowest level in nearly one month on Monday as worries about tightening gas supplies from Russia, hawkish signals from the European Central Bank and weak economic outlook weighed on investors’ minds.
The continent-wide STOXX 600 dropped 1.0% to touch its lowest level since July 28.
Russia will halt natural gas supplies to Europe for three days at the end of the month, energy giant Gazprom said on Friday, piling pressure on the continent as it seeks to refuel ahead of winter.
Uniper, Germany’s top importer of Russian gas, declined 7.7% to hover near a record low, while its parent Fortum fell 4.4%. Germany’s DAX index tumbled 2.3% for its worst session in nearly seven weeks.
