Daily US Equity Opening News: ORCL sends force majeure notice over New Mexico data centre; People Inc withdraw MGM bid

• The euro fell to its lowest level since late July following the release of September business surveys. • The eurozone's flash Purchasing Managers Index composite reading reached 53.1, surpassing the forecast of 51.5.

• Global financial markets experienced a sharp sell-off in US Treasuries and benchmark government bonds on Thursday due to inflation and Iran war concerns. • Norway recently raised its interest rates, and Sweden indicated it would likely follow suit before the end of the year.

• North American stock indexes fell on Thursday as investors sold off government bonds amid concerns over inflation and the conflict in Iran. • Bond yields rose following the sharpest sell-off in U.S. Treasuries and other benchmark government bonds since last year's Liberation Day turmoil.

• H&M reported a rise in profits recently, though the company faces challenges from slow sales and increased competition from rivals Inditex and Shein. • The profit boost was driven specifically by refunds on tariffs, which are taxes imposed on imported goods.

• European Central Bank official Isabel Schnabel admitted that the way energy costs are passed through to consumer prices has been more persistent than the bank originally expected. • This admission comes amid a broader EU mid-market update featuring a selloff in long-end bonds and varying central bank actions, such as Norges hiking rates while the Swiss National Bank held at zero.

• European stock markets opened higher on Tuesday, with the Stoxx 600 index rising by 0.4 percent. • Gains were primarily driven by growth in the banking and technology sectors.

• Financial markets entered a risk-off session on Wednesday, September 24, 2026, as investors reacted to strong September PMIs and hawkish comments from the ECB and Fed. • Markets are now pricing in more than four ECB rate hikes and nearly four Fed rate hikes over the next 12 months.

• L&T Finance Ltd saw a significant increase in open interest, which is the total number of outstanding derivative contracts, on September 24, 2026. • This surge in market activity occurred despite the stock's underperformance and general weakness across the Non Banking Financial Company sector.

• Wall Street indices ended lower on Wednesday as Alphabet and Amazon shares declined amid rising Treasury yields and geopolitical tensions involving Iran. • Microsoft plans to invest over $10 billion in cloud and AI infrastructure across the UAE, Saudi Arabia, Qatar, and Kuwait by 2030.

• Stock futures fell on Thursday following a market selloff and a continued rise in Treasury yields. • The CME FedWatch tool shows traders now see a 75% chance the Federal Reserve will raise interest rates next month, compared to 55% a week ago.

• The Indian stock market fell on September 24, with the Nifty 50 closing 1.64% lower at 23,063 and the Sensex dropping 1,247 points. • Market declines were driven by a surge in US yields and a fire involving crude oil.