By Ankika Biswas (Reuters) -European shares fell on Wednesday as a rally from last year started to lose steam, with investors keeping an eye out for major factors during the day for cues on global monetary policy. The pan-European STOXX 600 was down 0.3% by 0923 GMT, after kicking off the New Year on a lacklustre note on Tuesday. Basic resources was the worst-hit sector, down 1.7% on weakness in most metals. Construction and material, financial services and technology also lost over 1% each. On the flip side, food and beverages jumped 1.1%, led by a 3% rise in Swiss packaged-food giant Nestle….