Scoreboard: German stumble

European markets fell after German industrial production recorded its biggest decline in two years, while the Australian dollar lifted but remains below US94c.

In US economic data, the Employment Trends index rose from 119.03 to 119.62 in June. In European economic data, German production fell by 1.8 per cent in May, the biggest reduction in two years and well below market expectations.

European shares fell on Monday in response to the weak German economic data. The FTSEurofirst 300 index fell by 0.9 per cent, the German Dax lost 1 per cent while the UK FTSE fell by 0.6 per cent. Australia's major miners finished lower in London trade with shares in BHP Billiton down by 0.8 per cent while Rio Tinto lost 0.7 per cent.

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