A look at the day ahead in European and global markets from Wayne Cole. While Chinese shares were again starved of stimulus, Japanese stocks need no such help, hitting a fresh 34-year peak on Monday for the seventh time so far this year and bringing the Nikkei’s gains for January to almost 9%. Analysts at Bank of America argue that the Nikkei is benefiting from the “anywhere-but-China” bid and from investors having been structurally underweight Japan, which is 5.5% of the MSCI All Country World Index now compared with 44% at its previous peak in 1989. For Chinese stocks, however, the central b…