A look at the day ahead in European and global markets from Tom Westbrook Chinese markets caught a foothold overnight, with a cut in bank reserve requirements and vague promises of more support ahead enough to staunch selling, for now. The blue chip CSI300 rose more than 1%, cutting losses for the year to roughly 3%. Global investors have been streaming out of Chinese equities for months thanks to an underperforming economy and discomfort with regulatory risk and authorities’ response to a cratering property market. Their view is that a lot more must be spent repairing consumer confidence befo…