A look at the day ahead in European and global markets from Tom Westbrook Markets are holding their breath for a week where central banks may start to take divergent paths. Chinese markets have returned from the Lunar New Year break with a bit of a whimper rather than a bang [.SS] 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 …