European Stocks Open Lower; Stoxx 50 Falls 1.2%, DAX Down 0.7%

The dispersion across indices is the notable detail: the euro-area benchmarks are taking the bigger hit while the FTSE 100, with its heavier overseas-earnings tilt, is holding up comparatively better. That pattern points to a region-specific driver rather than a uniform global risk-off move, though the item doesn't identify one. For crypto and RWA markets, European equity weakness matters mainly through the risk-sentiment channel, and whether the underperformance stays concentrated in euro-area indices or broadens is the open question worth tracking.