European Closes: Euro Stoxx 50 -1.07% at 5,632, Dax 40 -0.99% at 22,938, FTSE 100 -0.84% at 10,349, CAC 40 -0.67% at 7,909, FTSE MIB -0.47% at 45,412, IBEX 35 -0.64% at 17,444, PSI -0.03% at 9,367, SMI -1.27% at 12,817, AEX -0.41% at 972

The decline across major European indices indicates increased risk aversion among investors, likely influenced by economic uncertainties or geopolitical tensions. As markets shift focus to the US session, this could signal caution in equities, positioning traders to reassess their strategies, especially in terms of sector exposure and potential defensive plays.