Global markets rallied, major US stock indices closed October at record highs. The Dow Jones and S&P 500 jumped 5.8% MoM and 6.9% MoM, respectively, closing the month at historic highs thanks to impressive corporate earnings in Q3 2021. Also, the MSCI Frontier Markets Index (MXFM) rallied 4.0%, while its Emerging Markets (MXEF) inched up 0.9% after falling 4.2% in September.

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