Thursday: Oil jumps after Russian refinery explosions

Oil prices surge after Ukrainian attacks on Russian refineries. US stocks dip ahead of key retail sales data. The Bank of Japan is set to hike to 0.0% as wages surge. The ECB is seen cutting in June. Inflation in New Zealand may beat the RBNZ’s forecast.

In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung explains how a two-tiered property system is emerging in China as authorities promote affordable housing over the private market, which could take pressure off a supply glut.

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