European Stoxx 600 Falls to Near 4-Month Low, Down About 1%

A broad European benchmark touching a near four-month low is a sentiment signal, not a company story: it says the pressure is macro and region-wide rather than sector-specific. For crypto and RWA markets, the read-through is about risk appetite in traditional portfolios, since European equities are often a proxy for how allocators are treating non-US risk. Whether this slide stabilizes or broadens into other asset classes is the open question worth watching.