President Biden warns the Israel-Hamas war could escalate into a wider regional conflict and cautions Jerusalem against re-occupying the Gaza Strip. The S&P 500 posts its second week in the green while geo-political tensions sees Brent move back up past $90 per barrel. Kicking off Q3 earnings season, U.S. banking giants JP Morgan, Citi and Wells Fargo all beat on top and bottom lines. Asset manager BlackRock sees its first net outflows since early 2020 but CEO Larry Fink remains bullish about the future. In Poland, the ruling Law & Justice party wins the general election but falls short of a majority with former European Council president Donald Tusk eyeing a path to a coalition government.

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