German DAX falls 2% as European stocks close lower; France up 2% on week

The split between Germany's sharp single-day drop and France's weekly gain points to a rotation rather than a broad European risk-off move, with the DAX giving back ground it had largely held over the week. Italy is the more interesting tell: banks fell on the day but remain the strongest weekly performer, suggesting financials are driving sentiment across the region. Whether that Italian bank leadership holds, or the DAX's weekly resilience gives way, is the open question worth watching.