European Closes: Euro Stoxx 50 -1.53% at 5,563, Dax 40 -1.64% at 22,581, FTSE 100 -1.33% at 9,972, CAC 40 -0.98% at 7,769, FTSE MIB -0.71% at 43,702, IBEX 35 -1.21% at 16,963, PSI -0.19% at 8,997, SMI -0.44% at 12,662, AEX -1.26% at 971

European equity markets closed sharply lower, with notable declines across major indices, reflecting ongoing risk aversion likely fueled by macroeconomic concerns. The significant drop in indices such as the Euro Stoxx 50 and DAX suggests investor sentiment is cautious ahead of key data releases and potential shifts in monetary policy, impacting overall market direction.