Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Australian uranium stocks soared on Friday following a Reuters report that U.S. President Donald Trump plans to sign executive orders aimed at revitalizing the American nuclear energy sector. Shares of key miners—Nexgen Energy (ASX:NXG), Deep Yellow (ASX:DYL), Boss Resources (ASX:BOE), and Paladin Energy (ASX:PDN)—jumped between 8% and 14%, significantly outperforming the ASX 200’s modest 0.2% gain.
The rally was triggered by news that the U.S. will streamline the regulatory approval process for new nuclear reactors and bolster domestic nuclear fuel supply chains. These initiatives are expected to drive long-term uranium demand growth. Additionally, the Trump administration is poised to invoke Cold War-era laws to reduce the nation’s reliance on enriched uranium and nuclear technologies sourced from Russia and China.
Australia, home to some of the world’s largest uranium deposits outside of Russia and China, is well-positioned to benefit from the U.S. pivot. The two nations share strong trade relations, making Australian uranium producers attractive alternatives for American energy security efforts. Rare earth miners may also see gains as the U.S. shifts sourcing away from geopolitical rivals.
The move marks a potential turning point for global uranium markets, which have struggled since the 2011 Fukushima disaster in Japan dampened nuclear energy development worldwide. With the U.S. reaffirming its commitment to nuclear power as a clean energy source, investor optimism around uranium mining has been reignited, positioning Australian firms for renewed growth in the sector.
