European Closes: Euro Stoxx 50 -0.70% at 5,796, Dax 40 -1.59% at 23,588, FTSE 100 -0.56% at 10,354, CAC 40 -0.19% at 8,042, FTSE MIB -0.95% at 44,773, IBEX 35 -0.53% at 17,352, PSI +0.58% at 9,076, SMI -0.61% at 12,976, AEX +0.05% at 1,003

European markets closed largely lower, with the Euro Stoxx 50 down by 0.70%, reflecting ongoing concerns about economic growth and potential rate hikes. The DAX's sharper decline at 1.59% signals particular weakness in the German market, which could have implications for overall investor sentiment in the region. However, some resilience is shown by the PSI and AEX, hinting at selective performance driven by stronger local fundamentals.