US President Biden had a phone conversation with the Iraqi Prime Minister.

Market news: Major automakers said the U.S. proposal to increase fuel efficiency requirements is "neither reasonable nor achievable" and would increase vehicle prices by $3,000 by 2032.

[Belgium: Brussels shooting attacker claimed to be inspired by "Islamic State"] Belgian federal prosecutors said that a shooting in Brussels left two people dead and one injured. The attacker claimed to be inspired by the "Islamic State" and the motive for the attack was the victim of Swedish nationality. There are currently no links to the situation in Israel and the Middle East. Brussels residents are advised to stay indoors until the threat is over.

European Commission staff are asked to stay indoors or enter construction buildings. Previously, the Belgian government announced that the Brussels Capital Region has entered the highest alert level.

Fed Harker: The Fed should not consider further interest rate hikes.

Fed Harker: Small businesses are facing difficulties in raising capital.

Marathon Oil (MRO.N) has signed a five-year liquefied natural gas sales agreement with Glencore Energy.

According to RIA Novosti: Ukraine’s Foreign Minister stated that 59 companies from 23 countries have joined the Defense Industry Alliance and they will produce weapons together with Kiev.

US President Biden held a phone call with German Chancellor Scholz.

Fitch: As stress mounts, some U.S. leveraged finance issuers are choosing to skip interest payments.

Fed Harker reiterated that interest rate hikes are probably over and that inflation is expected to weaken.

Egyptian Presidential Palace: Egyptian President Sisi had a phone call with US President Biden, emphasizing the need to curb the Palestinian-Israeli conflict to avoid threatening regional security.

Moderna (MRNA.O) shares fell 6.5% to close at their lowest level since November 2020.

The Belgian Crisis Center raised the terror threat level in Brussels to the highest level after a shooting in the center of Brussels left two Swedish citizens dead.

U.S. Senate Majority Leader Schumer: Urges every senator to support a resolution condemning Hamas; is cooperating with the Biden administration on the Israeli emergency relief plan.

U.S. Senate Majority Leader Schumer: In the coming weeks, the United States will do everything possible to help Israel.

Market news: Brazilian President Lula asked Venezuelan President Maduro to provide information on negotiations with the United States on sanctions.

On October 16, local time, according to the Lebanese National News Agency, Israel shelled the town of al-Dahira on the Lebanese side of the Lebanese-Israeli provisional border again that night.