A look at the day ahead in European and global markets from Tom Westbrook
Chinese markets have returned from the Lunar New Year break with a bit of a whimper rather than a bang and the wind filling the sails of a wider positive mood has backed off while rate decisions in the U.S., Europe and the UK beckon.
Right now, investors' glasses remain half full, with traders pricing in a 25 basis point hike from the Federal Reserve and hoping to hear talk of a peak in rates from Jerome Powell.Wall Street's "fear index" - the VIX volatility index - on Friday fell below 18.0 for the first time in over a year, and perhaps a little under the radar, U.S. bond market volatility is now its lowest since last June.
But cagey trade on Monday illuminates the nerves. Tech earnings loom as a mood test in the United States this week., too, which is helping keep the euro near nine-month highs, while the Bank of England is also expected to go 50 bps.The Nikkei newspaper reported Renault
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