STOXX 600 falls 1.13% to 647.48, up about 0.1% for the week

The weekly gain surviving a session drop of this size suggests the pullback is a fade within an intact bid rather than a change in trend, though the STOXX 50 giving back more of its week than the broader index hints the rally's leadership was concentrated and is thinning. That matters for anyone reading European equity direction as a risk signal, since a narrow advance is more fragile than a broad one. Whether the weekly gains hold into the next stretch, or the fading rally extends into a deeper reversal, is the open question.