European shares fall for the second straight session, led by banks sector and financial companies

European stocks fell on Monday morning dealings in the first week's sessions, extending losses for the second straight session, and the banking and financial sector led the losses with a decline in Deutsche Bank shares to a record level again.

The Dow Jones Stoxx Europe 600 index fell 1.4 percent by 10:34 pm GMT, index closed Friday's session down by 0.7 percent within a correction and profit taking after scoring in the previous session, its highest level in two weeks.

The banking sector and financial companies fell to be the biggest loser among all sectors with falling shares of Deutsche Bank more than 6 percent after reports that German Chancellor Angela Merkel has ruled out state aid to the bank before national elections next year.

The energy sector is the second losers due to falling oil prices in the global markets before the start an informal meeting for OPEC will be held in Algiers on the sidelines of an international energy forum during the period from 26 September to 28 September.

Futures for the S & P 500 fell 0.5 percent, and the index ended the Friday session on Wall Street, down by 0.6 percent, due to loss of energy and commodities companies.

As for the most important European markets indices; euros Stoke 50 index fell 1.5 percent, and France's CAC 40 Index fell 1.6 percent, and Germany's DAX was down 1.5 percent, and in London Financial Times 100 Index fell the amount of 1.2 percent.