By Abylay's analysis:
Europe’s macro impulse was dominated less by fresh growth/inflation prints and more by global rates spillover plus earnings dispersion and sector rotation. The STOXX 600 ended Friday slightly lower on the day but still eked out a small weekly gain (~+0.09%), with performance masking sharp internal moves: banks were notably weak (worst weekly drop in ~10 months per Reuters) while pockets like defense and select industrial/tech names moved on guidance. Earnings remained a key catalyst (large single-name swings in financials, industrials, and consumer sectors), and the market continued to debate the “AI disruption” risk premium—especially for business models seen as vulnerable to automation or to capex booms that may not earn their cost of capital. For the week using local index closes: DAX ~+1.9%, CAC 40 ~+0.5%, while Spain lagged with IBEX 35 ~-1.5%.
Also another professional Bulatov noted that:Japan remained a “policy + positioning” story. The post-election “Takaichi trade” kept risk appetite elevated early in the week (equities, yen, and JGBs all moving as investors reassessed fiscal stance and policy continuity), and the Nikkei briefly broke 58,000 intraday before consolidating amid profit-taking and earnings reactions. The week also highlighted how sensitive Japanese equities are to FX and rate moves: a firmer yen and bond rally can cap exporters even as domestic cyclicals benefit from pro-growth expectations. By the close of Friday Nikkei 225 was 56,941.97 and TOPIX 3,818.85; versus Feb 6 closes this implies a strong weekly advance of roughly Nikkei ~+5.0% and TOPIX ~+3.2%.