The Israeli military ordered civilians to flee Gaza City after Hamas militants launched attacks, leading to a surge in oil, U.S. Treasuries, and gold prices.

Brent crude rose 7.5% in the week after the crisis began, its highest weekly rise since February.

The S&P 500 fell on Wall Street despite strong results from big U.S. banks.

Weak U.S. consumer statistics hurt stocks, with October consumer morale falling as households expected more inflation next year.

The rising Middle East turmoil boosted safe-haven buying, helping the dollar.

China’s consumer prices were unchanged in September, factory-gate prices decreased more slowly, exports and imports contracted slower, and deflationary forces persist.