European shares drop lower, set for weakest month since August 2011
* Euro STOXX 50, DAX, CAC all down about 1 pct
* UK stock market closed for holiday
* FTSEurofirst set for weakest month since 2011
* ENI rises after gas field discovery off Egypt
By Atul Prakash
LONDON, Aug 31 (Reuters) - European shares fell on Monday, with Germany's DAX and France's CAC on track for their weakest month for four years, hit by sliding Chinese stocks and prospects of a near-term U.S. interest rate increase.
The euro zone's blue-chip Euro STOXX 50 index fell 1 percent going into the close of the trading session, while Germany's DAX and France's CAC each fell 0.9 percent.
The pan-European FTSEurofirst 300 index eased 0.5 percent, putting it on track also for its worst month since August 2011. Volumes were relatively thin as the UK market was closed for a public holiday.
The Federal Reserve left open on Friday the possibility of a September rate rise, although several of its officials said the prolonged turmoil in financial markets might delay the first policy tightening in nearly a decade. Continuación...