Commodities lead Europe shares down; D.Boerse rises

LONDON, Sept 2 (Reuters) - European shares fell early on Tuesday, led by commodity stocks, following sharp falls in oil and metal prices.

At 0731 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.4 percent at 1,185.01 points.

Oil extended losses to its lowest since mid-April extending the previous day's fall on initial signs that a weakened Hurricane Gustav spared major Gulf oil facilities.

Oil CLc1 was down $6.76 a barrel at $108.71.

BP (BP.L), Total (TOTF.PA), StatOilHydro (STL.OL) and Royal Dutch Shell (RDSb.L) fell by 1-2.4 percent.

"There is no real reason why the oil price should go up with Hurricane Gustav weakening. The market should be led by further weakness in the commodity price," said Justin Urquhart-Stewart, director at Seven Investment Management.

German exchange operator Deutsche Borse (DB1Gn.DE) led gainers in Europe with a 3.8 percent rise after its two biggest shareholders said they would work together to explore all options for shareholder value creation.

But Alcatel-Lucent (ALUA.PA) fell 3.6 percent to top European losers after the world's top provider of fixed-line telecoms networks named a new management team. (Reporting by Joanne Frearson)