European Closes: Euro Stoxx 50 -1.19% at 5,500, Dax 40 -1.32% at 22,315, FTSE 100 -0.05% at 9,967, CAC 40 -0.87% at 7,702, FTSE MIB -0.74% at 43,379, IBEX 35 -0.95% at 16,803, PSI -1.28% at 8,882, SMI -0.73% at 12,550, AEX -1.09% at 960

The European equity markets closed notably lower, with the Euro Stoxx 50 and major indices across the region declining over 1%. This sell-off suggests a risk-off sentiment ahead of the US session, potentially driven by concerns around economic data or geopolitical tensions that could affect investor confidence.