Following Friday’s sharp selloff in global markets, risk-off sentiment may continue to dominate market movements. However, investors might get a reprieve as economic data is relatively light this week. In Europe, major economies will release their final service PMIs, offering more insights into the region’s inflation trajectory. Additionally, Novo Nordisk, the largest European company, is set to report quarterly earnings alongside its US competitor, Eli Lilly. Several major trends in the financial markets are worth noting: The euro strengthened against the dollar on Friday, being seen as a hav…