* FTSEurofirst 300 loses 1.3 pct, down 6 pct over 2 weeks
* UBS's poor results, UK bank shake-up hits banking shares
* Weakening commodity prices drag on energy, mining stocks
* For up-to-the-minute market news, click on [STXNEWS/EU]
By Blaise Robinson
PARIS, Nov 3 (Reuters) - European stocks fell 1.3 percent in
early Tuesday trade, losing ground for the sixth time in nine
sessions, as poor results from UBS
Heavyweight energy and mining shares also dropped, falling
along with commodity prices. BP
At 0913 GMT, the FTSEurofirst 300 <.FTEU3> index of top European shares was down 1.3 percent at 967.42 points after touching a one-month low of 965.75 points earlier in the session.
The index has lost 6 percent over the past two weeks, after a raft of mixed macroeconomic data eclipsed recent forecast-beating corporate results and halted the market's seven-month rally.
The benchmark index is still up 50 percent from a record low it hit in early March, and up 16 percent in 2009.
UBS sank 4.4 percent after the Swiss lender posted a higher-than-expected accounting charge and withdrawals at all its key divisions pushed it into another quarterly loss. It said it did not expect an immediate recovery of client inflows.
Shares of Lloyds Banking Group
"While Lloyds looks set to deny the government majority control by embarking on a rights issue, the outlook is not so rosy for RBS," said Manoj Ladwa, senior trader at ETX Capital.
"Not only does RBS have to sell off a number of key assets, but with 83 percent state-control, it is going to be seriously constrained in the way it does business."
Shares of RBS dropped 1.7 percent, while Societe Generale
SWISS RE SURGES
The DJ STOXX European bank index <.SX7P>, which was down 2.4 percent on the day, has lost 10 percent since Oct 15.
"The timing for such a huge rights issue is quite bad. UBS
just posted ugly results that bode ill for European banks
results, and CIT
Around Europe, the UK's FTSE 100 index <.FTSE> was down 1.3 percent, Germany's DAX index <.GDAXI> down 1.4 percent, and France's CAC 40 <.FCHI> down 1.5 percent.
Swiss Re
Metro
BMW
Later in the session, investors' focus will turn to the macroeconomy, with U.S. factory orders and durable goods data expected while U.S. Federal Reserve's policymakers start their two-day meeting.
(Reporting by Blaise Robinson, editing by Nigel Stephenson)