LONDON, June 20 Reuters European stocks and U.S. futures fell on Tuesday after China cut interest rates by less than expected and the market awaited more detail on Beijing39;s plans to shore up a stuttering economic recovery.

China cut its benchmark loan prime rates LPR for the first time in 10 months on Tuesday, with a smallerthanexpected 10basis point reduction in the fiveyear LPR.

After declines in stock markets across Asia, the panEuropean STOXX 600 index and Emini futures for the SP 500 each fell 0.33. U.S. markets were closed for a public holiday on Monday.

The aim of China39;s rate cut is to bolster lending, but investors appear a little underwhelmed by the action and are waiting until further moves promised to bolster the economy materialise, said Susannah Streeter, head of money and markets at Hargreaves Lansdown.

Analysts at BofA global research said in a note that such marginal easing would likely help prevent growth from slowing sharply, but was unlikely to offer a strong boost to reverse the growth slippage in the near future.

The rate cuts are the latest in a string of moves by Beijing to shore up a slowing recovery in the world39;s secondlargest economy amid looming deflation risks, property market woes and high youth unemployment.

The People39;s Bank of China lowered the mediumterm lending facility rate on Thursday last week. The market was speculating on what China could do next to revive the recovery but was disappointed by a lack of concrete…