Scoreboard: Energy jolted

The slump in the oil price saw energy stocks tumble in the US and Europe, while the Australian dollar rose against the greenback in late US trade.

In European economic data, German retail sales rose by 1.9 per cent in real terms in October, above forecasts for a 1.7 per cent gain and compares with the 2.8 per cent fall in September sales.

European shares were largely flat on Friday with gains in the airlines sector offset by falls by energy companies. The FTSEurofirst 300 index was up less than 0.1 per cent, the German Dax lifted for the 12th straight day, up by 0.1 per cent, while the UK FTSE fell by less than 1 point and therefore less than 0.1 per cent. In London trade shares in BHP Billiton fell by 3.2 per cent while Rio Tinto lost 0.6 per cent. 

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