(Il Sole 24 Ore Radiocor) - Milano, 27 apr - European shares closed lower as investors weighed a new peace proposal from Iran against a backdrop of looming central bank meetings and heavyweight corporate earnings.

Market sentiment remains fragile following the cancellation of the second round of scheduled peace negotiations over the weekend, though reports that Iran has submitted a new proposal to reopen the Strait of Hormuz and end the war with the US provided a glimmer of optimism.

Investors are bracing for a high-stakes week, with policy decisions due from both the Federal Reserve and the European Central Bank. While interest rates are widely expected to remain unchanged, analysts anticipate the ECB may signal a shift toward future tightening.

The London FTSE 100 closed down 0.56% at 10,321.09 points, the Frankfurt DAX shed 0.23% at 24,085.14 points, the Paris CAC 40 lost 0.19% at 8,141.92 points, while in Milan the FTSE MIB added 0.04% at 47,673.91 points, and in Madrid the IBEX.

35 closed 0.03% lower at 17,687.18 points.

(RADIOCOR) 27-04-26 17:56:10 (0490) 5 NNNN