European shares extend losses as U.S. futures fall

LONDON, Oct 21 (Reuters) - European shares extended losses in afternoon trade on Tuesday, mirroring a sell-off in U.S. stock futures that was prompted by renewed fears of recession fears and a fall in commodity shares.

At 1324 GMT, the FTSEurofirst 300 index of top European shares was down 0.7 percent at 921.55 points after having fallen by as much as 1.1 percent to session lows.

S&P 500 futures SPc1 fell 2.3 percent, Dow Jones industrial average futures DJc1 declined 2.1 percent and Nasdaq 100 NDc1 futures slipped 2.6 percent.

Commodity shares fell with a drop in crude and metal prices. BP (BP.L: Quote, Profile, Research, Stock Buzz) fell 2.7 percent, Royal Dutch Shell (RDSb.L: Quote, Profile, Research, Stock Buzz) eased 0.7 percent, Antofagasta (ANTO.L: Quote, Profile, Research, Stock Buzz) lost 5 percent and BHP Billiton (BLT.L: Quote, Profile, Research, Stock Buzz) fell 1.3 percent.

But banks rose, with BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz) rising 6.9 percent and Credit Agricole (CAGR.PA: Quote, Profile, Research, Stock Buzz) advancing 12 percent. (Reporting by Atul Prakash)