(Updates prices at 1145 GMT)

By Harry Robertson and Stella Qiu

LONDON/SYDNEY, Oct 15 (Reuters) - European shares and

U.S. futures were little changed on Tuesday after Wall Street

scaled record highs the previous day, while oil prices dropped

on a report that Israel would refrain from striking Iranian

energy targets.

Chinese stocks, meanwhile, tumbled as a media report that

detailed extra government borrowing to boost the economy

appeared to underwhelm investors.

Europe's STOXX 600 index was down 0.1% on Tuesday,

after rising on Monday, leaving it within 1% of a record high

reached in September. Oil and gas stocks fell, but

airlines rallied on lower energy prices.

Germany's DAX stock index was up 0.2% after hitting

a record high earlier in the session, but Britain's

energy-focused FTSE 100 was down 0.5%.

Futures for the U.S. S&P 500 index were slightly

lower after the benchmark Wall Street gauge hit a record

high on Monday, led by chip stocks after a 2.4% jump in AI

darling Nvidia ( NVDA ) and a brisk start to the third-quarter

earnings season with JP Morgan and Wells Fargo ( WFC )

beating expectations.

"New highs beget new highs and price momentum is the most

powerful investment factor," said Ben Laidler, head of equity

strategy at Bradesco BBI.

"Super-sized tech stocks are taking the lead as they get

ready to report the strongest earnings growth of all sectors

again this quarter."

Stock market investors have gained confidence thanks to U.S.

data suggesting the world's biggest economy is heading for a

"soft landing" - with inflation falling back to the Federal

Reserve's target but growth remaining robust and the labour

market cooling only slightly.

Goldman Sachs ( GS ) reported a jump in profit as earnings

season continued on Tuesday, before a wave of big tech companies

next week.

OIL AND CHINA SLUMP

Oil prices fell sharply, declining for a third straight

session, after the Washington Post reported that Israeli Prime

Minister Benjamin Netanyahu told the United States that Israel

is willing to strike Iranian military targets and not nuclear or

oil ones, as it prepares its response to air strikes this month.

Brent crude futures fell 3.8% to $74.47 a barrel,

having dropped 2% overnight, with the market focused on China's

economic slowdown and lower OPEC demand forecasts.

China's CSI 300 stock index fell 2.7%, while Hong

Kong's Hang Seng index slid nearly 3.7% as investors were

left wanting more details on Beijing's stimulus plans.

Chinese media reported Beijing may raise an additional 6

trillion yuan ($850 billion) from Treasury bonds over three

years to help bolster a sagging economy.

"Chinese shares have surged since the September politburo

meeting on hopes that major fiscal stimulus may be on the way. A

lack of details so far has disappointed some investors, so we

eye policy announcements for more clarity," analysts at

BlackRock Investment Institute, led by Wei Li, said in a

research note.

In currency markets, the dollar slipped 0.3% to

149.36 yen, pulling back from a 2-1/2-month high of 149.98

overnight.

The euro was roughly flat, languishing near a

10-week trough. The currency has been pulled down by a growing

gap between U.S. and European bond yields - which have stayed

low as markets anticipate a third interest rate cut by the

European Central Bank on Thursday.

U.S. Federal Reserve official Christopher Waller on Monday

called for "more caution" on interest-rate cuts, while Fed

Minneapolis President Neel Kashkari said he also envisages more

modest reductions.

U.S. 10-year Treasury yields rose slightly to

4.078% on Tuesday after bond markets were closed on Monday.