European Closes: Euro Stoxx 50 +5.02% at 5,916, Dax 40 +4.74% at 24,007, FTSE 100 +2.51% at 10,609, CAC 40 +4.49% at 8,264, FTSE MIB +3.70% at 47,092, IBEX 35 +3.64% at 18,079, PSI +0.89% at 9,450, SMI +2.54% at 13,142, AEX +3.22% at 1,003

The significant gains in European equity indices reflect a robust market rally, likely spurred by positive sentiment or macroeconomic developments either in Europe or globally. This could indicate improved risk appetite among investors, potentially affecting sectors across the board, as well as curbing safe-haven demand in currencies like the Euro and GBP.