Equity strategists at JP Morgan sounded a confident note on German stocks, telling clients that they would continue to benefit from both the 'global reflation' trade and their allure as a hedge for French political risk.
Sterling traders were unnerved on Friday by worse than expected UK retail sales data, which saw the British currency lower on most key crosses as the US dollar resumed resurgent.
London stocks closed mixed after a Friday session that saw blue-chip consumer goods giant Unilever fly higher after it slapped away a $143bn offer from Kraft Heinz, which has indicated it will return to the table.
Crude futures have eased on Friday as traders look to rig-count data out tonight, ahead of the Presidents Day long weekend in the US.
France's presidential election took a further twist on Friday, after left wing candidates Benoit Hamon and Jean-Luc Melenchon said they were discussing a merger in order to combat the National Front's Marine Le Pen.
Businesses in several cities throughout the US will close on Thursday as immigrants across the country unite for their "Day Without Immigrants" boycott.
The number of Americans filing for unemployment benefits rose less than expected last week, according to data from the Labor Department.
Deutsche Bank expects European equity markets to consolidate in the near term, before the normalisation in macro momentum and a more balanced sentiment picture offer a better entry point later in the first half.