The major European indices are all closing lower on the day. The biggest decliner was Italy's FTSE MIB with a fall of -1.74%. Spain's Ibex was the best performer with only a decline of -0.70%. Below is a summary of the changes for the indices:Europe (Euro Stoxx 50): 5,537.50, -88.10 (-1.57%)Germany (DAX 40): 24,241.47, -369.79 (-1.50%)France (CAC 40): 7,918.01, -123.35 (-1.53%)United Kingdom (FTSE 100): 9,427.46, -81.93 (-0.86%)Spain (IBEX 35): 15,476.49, -108.32 (-0.70%)Italy (FTSE MIB): 42,047.49, -744.11 (-1.74%)For the week, the indices also moved lower: EuroStoxx -2.11%German Dax -0.56%France's CAC -2.02%UK FTSE 100 -0.67%Spain's Ibex -0.70%Italy's FTSE MIB, -2.80% This article was written by Greg Michalowski at investinglive.com.