Global markets entered the week with a cautious but unmistakably alert tone as investors weighed a fresh mix of economic developments across Europe and Asia. The latest signals from inflation data, manufacturing surveys, trade activity, and central bank expectations have reminded traders that the global economy is still moving through a delicate adjustment period. In one region, disinflation appears to be progressing but not evenly; in another, policymakers are balancing the need to support growth against the risk of reigniting price pressures. For global investors, that combination has created a market environment defined less by broad optimism or fear than by constant recalibration. European equities reflected that mood, opening with…