Global equities finally caught a break this week as Wall Street snapped a five-week losing streak, even as investors continued to wrestle with war headlines, expensive oil, and a “higher for longer” rate mindset. At the same time, a confidential IPO filing from SpaceX injected fresh excitement into risk assets, underscoring how AI and space remain the market’s defining growth narratives.

What is happening 📈

US stocks staged a broad relief rally. The S&P 500 rose about 3.4% for the week, while the Nasdaq Composite climbed roughly 4.4%, ending a five-week losing streak as hopes grew that the Iran war might de‑escalate and as earlier declines in oil prices helped sentiment. The Dow Jones Industrial Average also posted its first weekly gain in six weeks, rising close to 3%.Volatility stayed elevated but directional pressure eased. After several weeks of heavy selling that pushed the Dow and Nasdaq into correction territory...