European stocks closed lower on Thursday after the IMF said the euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy.

European Markets: FTSE, GDAXI, FCHI, IBEX

In a report published on Thursday afternoon, the International Monetary Fund (IMF) also called for fresh stimulus from the ECB.

“Directors agreed that monetary policy should remain accommodative until inflation is sustainably converging to the ECB’s objective,” it said. “They welcomed the recent extension of forward guidance to help achieve a sustained pickup in inflation. Targeted macroprudential policies could be used to address any financial stability risks.”

The pan-European Stoxx 600 was in negative territory at the closing bell, with all major

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