European Closes: Euro Stoxx 50 -0.87% at 5,732, Dax 40 -1.13% at 23,548, FTSE 100 -1.24% at 10,285, CAC 40 -0.65% at 7,993, FTSE MIB -1.02% at 44,152, IBEX 35 -0.99% at 17,074, PSI +0.15% at 8,946, SMI -1.56% at 13,091, AEX -1.52% at 980

European equity markets closed lower across the board, indicating a risk-off sentiment following broader global trends. The declines in major indices like the DAX and FTSE 100 signal potential concerns over economic stability in the region, which may affect investor confidence and could have implications for asset allocations moving forward.