Flat start to the week

THE Australian market fell flat today on the back of fears that Europe’s debt crisis could only get worse after officials failed to come up with a plan to support the region’s waning economy, while base metals plunged and gold gained ground.

The S&P/ASX 200 index closed 67.9 points lower at 4081.5, while the broader All Ordinaries closed 65.8 points lower at 4164.1.