European shares retreat after weak German data
* FTSEurofirst 300 down 0.6 pct, still near 6-1/2 year high
* Stock markets slip after weak German economic data
* Total, Sanofi fall after cautioning over results
By Sudip Kar-Gupta
LONDON, July 7 (Reuters) - European stock markets retreated on Monday after weak German economic data took the wind out of a rally that had pushed a leading regional index back near 6-1/2 year highs.
Some analysts said the market could flatline in the near term although the longer-term outlook remained positive given the recent steps taken by the European Central Bank to boost the region's economy.
The pan-European FTSEurofirst 300 index, which hit a 6-1/2 year high of 1,399.62 points in June, was down by 0.6 percent at 1,385.62 points going into the close of the trading day.
The euro zone's blue-chip Euro STOXX 50 index fell 0.7 percent to 3,247.57 points, while Germany's DAX - which hit a record high in June - weakened by 0.5 percent to 9,961.70 points.
European stock markets fell after German industrial output declined by 1.8 percent on the month in May, its biggest drop in more than two years, confounding expectations of unchanged industrial output in Europe's powerhouse. Continuación...