Public Markets 24 Hours

Last updated: September 24, 2026, 6:00 AM ET

Equities

The National Stock Exchange of India debuted on the BSE, with shares rising as much as 5.2% above the IPO price, though the listing came amid a cooling Indian trading boom. European stocks edged lower as a global bond selloff weighed, with banks and tech shares sliding at the open. Japan’s Nikkei rose on an AI catch-up rally after a three-day holiday, while the Topix was hit by yield fears. U.S. stocks dropped as the 10-year Treasury yield hit its highest since 2007, and the Nasdaq composite led declines as the selloff deepened. Indian insurance and bank stocks tumbled on a proposed fee cap, while European stocks fell as high yields and oil sapped risk appetite. The Nasdaq 100 hit its first record since June as AI skeptics surrendered, while analysts snapped the longest run of U.S. earnings upgrades in five years.

Fixed Income & Currencies

A global bond sell-off intensified as oil held above $100, pushing yields on government debt toward 4%. The 10-year Treasury yield surged to a 19-year high above 5.1%, posting its biggest one-day rise since the “liberation day” tariffs shook markets. The selloff deepened as robust economic data fueled Fed rate-hike bets, with the biggest long-bond ETF hitting a record low. Japan’s 10-year yield climbed to its highest since 1996, while the U.S. Treasury announced plans to buy back up to $6 billion in longer-dated bonds. The dollar jumped to an eight-week high on Fed rate-hike bets, while the yen intervention risk re-emerged as the 160 per dollar level neared. The Singapore dollar consolidated amid Middle East tensions, and an RBI deputy governor saw a case for rupee appreciation. The dollar rose after strong U.S. data, and the UK is weighing a smaller fiscal buffer to curb tax rises.

Commodities

Oil prices fell on optimism around U.S.-Iran diplomacy and a Saudi pipeline restart, but later rebounded amid persistent Middle East supply risks. Saudi Arabia sold almost 100 million barrels of oil to Asian buyers since March, easing the region’s supply crunch. A supertanker rally is drawing new investors as war squeezes vessel supply. U.S. crude stockpiles posted an unexpected build of 3 million barrels. Gold held a decline as strong U.S. data raised rate-hike bets, and settled lower as the dollar and yields rose. The White House is considering a ban on diesel exports to tackle record fuel prices, a move that would be a calamity for global markets and could raise gasoline costs for U.S. drivers. The oil industry is pushing back against the proposal, while European diesel prices climbed on the prospect of a ban. The Energy Secretary hinted at a voluntary cap instead. U.S. natural gas futures settled higher, and soybean and corn prices slumped ahead of the Trump-Xi summit.

Deals & Corporate Finance

Barry Diller abandoned his $18 billion takeover bid for MGM Resorts, saying “the mix wasn’t coming together.” The Arnault family moved to cement control of LVMH, unifying their 49.76% shareholding and voting rights. Schneider Electric is nearing a deal to acquire Shelly Group for about $1.4 billion. Zegona Communications plans a €400 million distribution to shareholders via buybacks and dividends. FC Barcelona is preparing a €300 million private placement to finish its stadium revamp. Peloton is eyeing its first-ever bond deal, potentially worth $800 million. Activist Starboard urged construction company Knife River to explore a sale. Citigroup set up Paramount loan calls as banks prepare to sell debt. Blackstone is developing a hybrid CLO blending private credit and loans. Triton Partners is weighing a sale or IPO of Trench Group. Jane Street plans to double its London office space with a 465,000 sq ft pre-let deal. Airtel Money is targeting a $9 billion valuation with a London listing, signaling a route back for London’s market. The Philippines is selling short-term retail peso bonds, and Kenya’s Quickmart plans a Nairobi IPO. Finnish drone group Sensofusion seeks $344 million in a Helsinki IPO. Dan Ives is launching an AI-focused closed-end fund.

Energy & Commodities

Qatar has ramped up LNG tanker traffic through the Strait of Hormuz amid a global shortage, while Europe needs more long-term LNG contracts to avoid energy shocks. Rio Tinto plans to expand its metals trading business. Indian copper producers seek a tax cut amid a record rally. China’s ban on overseas coal plants stumbles in Indonesia, according to CREA. Indonesia’s commodity export agency Danantara hired a palm unit head. The Guangzhou Futures Exchange may list lithium hydroxide futures this year. Waskita Karya’s bond payment miss puts Indonesia’s guarantee to the test. Venezuela’s spot oil sales are snarled by surging freight costs. The Pentagon-backed Elmet Group will buy a 4.99% stake in a Vietnam tungsten miner. The global fuel crisis is driving up home heating oil costs in the Northeast.

Politics & Policy

A federal judge ordered the White House to restore access for banned media outlets, including CNN, Politico, and MS NOW, after the Trump administration defended the ban in court. The White House TV pool has suspended coverage of President Trump since the ban. Fox News found itself at odds with Trump over the press ban. The U.S. and China agreed to extend the trade truce by two months. Trump invited Putin to attend the G20 summit in Miami, and played(https://headlinesbriefing.com/market/nyt-top-stories/trump-plays-down-china-actions-ahead-of-xi-visit-128e