* Pan-European indexes down 0.7 percent
* Essentra plunges after profit warning
* Pullback in oil price hits commodities sector
* Financials down on low rates prospects (Recasts, adds details and updates prices)
By Kit Rees and Danilo Masoni
MILAN, June 9 (Reuters) - European shares fell for a secondstraight day on Thursday weighed down by weakness amongcommodities-related stocks, while Essentra plungedafter a profit warning.
The pan-European STOXX 600 and FTSEurofirst 300 indexes were both down around 0.7 percent by 1109 GMT.
Among the biggest fallers on the STOXX 600, Essentra slumped over 30 percent after it warned of lowerfull-year profit, citing challenging market conditions in filterproducts and delays in some large projects.
A softening in the price of oil weighed on the shares of oil& gas companies. Traders took profits after three sessions ofgains, though oil prices remain near to year-highs.
The oil & gas sector was down 1.4 percent, whileanalysts said that a weakening oil price was also weighing onsentiment among the basic resources stocks, which fell1.3 percent.
Despite this, shares in DONG Energy jumped asmuch as 10 percent after the Danish utility and wind farmdeveloper sealed the biggest European stock market flotationthis year.
Some investors cited the recent strength of the euro as a negative factor for European equities as well as cautionahead of a UK vote later this month on whether to remain in theEuropean Union.
"The weaker dollar is overall bad for European companies and... the Brexit vote means there will be a lot of uncertaintiesin the mid term," said Jerome Schupp, head of research at SYZAsset Management in Geneva.
Fading expectations of a U.S rate hike triggered by a weakerthan expected jobs report last Friday have sent the dollar to afive-week low against a basket of currencies this week. The eurohas also strengthened but was down on Thursday.
Schupp said expectations that the Federal Reserve would notlift interest rates any time soon had weighed on financialstocks, especially the big European banks with a globalbusiness.
The STOXX 600 Bank sector index, which has been theworst sectoral performer so far this year, was down 0.4 percent.
Profitability in the sector is being hurt by the EuropeanCentral Bank's ultra-low interest rates, a policy which has beencriticised by German politicians including Finance MinisterWolfgang Schaeuble.
On Wednesday, sources told Reuters that Commerzbank was examining the possibility of hoarding billions ofeuros in vaults rather than paying a penalty charge for parkingit with the ECB.
Commerzbank shares fell 1.4 percent.
Vodafone weighed on Telecoms stocks, falling 4percent and making it the third biggest loser on theFTSEurofirst, after it traded without entitlement to its latestdividend payout.
Likewise German utility E.ON also fell aftergoing ex-dividend.
Today's European research round-up
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Mike Dolan, Markets Editor EMEA.
(Reporting by Danilo Masoni; Editing by Mark Potter)
Vodafone (VOD)