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.

According to Sky News: Rolls-Royce CEO will announce about 2,500 layoffs on Tuesday.

Canadian Prime Minister Trudeau: Canada calls for the provision of humanitarian aid to Gaza and the establishment of a humanitarian corridor; there is no justification for Hamas’s terrorist acts; Hamas does not represent the Palestinian people and their legitimate aspirations.

Northwest River Forecast Center (NWRFC): River runoff in the northwest United States rose to 91% (of normal).

SPOX, the armed wing of Hamas: We have hostages of other nationalities, they are guests, and we will release them as soon as the situation allows.

EUR/USD rose by 0.50% during the day and is now at 1.0559.

SPOX, the armed wing of Hamas: There are approximately 200 to 250 Israeli hostages being held in the Gaza Strip.

Lane, chief economist of the European Central Bank: There may be an inflationary shock, and the European Central Bank must be open to taking more measures; we believe inflation will fall back to 2% in 2025.