NUKL.DE is trading at €47.22, up 3.26%, as uranium and nuclear-technology holdings rebound broadly.
- After September 3’s risk-on session, Treasury yields eased from elevated levels and steadier oil reduced immediate inflation concerns.
- Cameco gained 3.4% after Jefferies initiated coverage with a buy rating, likely supporting uranium-sector sentiment.
- Uranium fundamentals remained mixed: spot prices near multi-year lows despite longer-term supply concerns; the move appeared primarily market- and sector-driven, not tied to one definitive ETF-specific announcement.