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The flight to safety resumed last week amid a renewed slide in AI-related stocks, reports of strikes on Iran and attacks on Saudi oil facilities that pushed Brent crude to five-month highs

The US dollar posted its first weekly loss in five weeks, despite an upside surprise in the September inflation report.

The US will hold its midterm elections - a de facto referendum on the Trump administration - on 3rd November after two years shaped by rising trade protectionism, attacks on Federal Reserve independence and, since the spring, the Iran war.

Global bond markets finally found their footing last week, and currency markets followed suit.