Nuclear Energy Index decreased to a 22-week low of 26.19 USD. Over the past 4 weeks, Nuclear Energy Index lost 13.46%, and in the last 12 months, it decreased 5.37%.

Nuclear Energy Index Hits 22-week Low

Aluminum futures fell to $2,670 per tonne from the nine-month high of $2,730 on February 20th, as bets that the US government may relax some sanctions on Russia eased growing concerns of low supply. The developments lifted Rusal HDRs, the world’s largest aluminum producer outside China, by 50% in the third week of February, reflecting expectations that the company may have access to new export partners. This is despite fresh threats from the European Commission that it may place fresh sanctions on Russian aluminum. Still, China produced 44 million tons of aluminum in 2024, the most on record, meaning that output will be forced to slow considerably this year as Beijing capped production at 25 million tons in 2017 to prevent excess supply and aid carbon emission targets. This is despite the likely increase in the budget deficit to support fiscal stimulus, set to pick up winds of improving credit growth.

Aluminum Pulls Back from 9-Month High

Stocks in the US fell sharply on Friday as weak economic data and concerns over inflation weighed on investor sentiment. The S&P 500 lost nearly 1%, while the Dow Jones dropped over 500 points, and the Nasdaq 100 slipped 1.1%. UnitedHealth shares plunged more than 8% following reports that the Department of Justice is investigating its Medicare billing practices, making it the worst-performing Dow component. Consumer sentiment also took a hit, with the University of Michigan’s index falling to 64.7, reflecting growing concerns over inflation, which consumers now expect to rise to 4.3% in the coming year. Walmart’s (-3%) warning about potential price hikes due to tariff uncertainty further dampened market confidence, contributing to Thursday’s broader market downturn. While the S&P 500 and Nasdaq are still on track for weekly gains, the Dow is facing a loss, signaling increased volatility amid economic uncertainty.

US Stocks Slip on Weak Data and Inflation Worries

Canada’s 10-year government bond yield fell below 3.17%, retreating from a three-week high of 3.21% on February 20th, as investors weighed mixed domestic data while tracking lower US Treasury yields. An expected 0.4% drop in January retail sales, the first decline in seven months, signaled softening consumer spending after December’s strong gain, raising concerns about economic momentum. Conversely, persistent inflationary pressures underscored the BoC's challenge in balancing growth and price stability, as industrial producer prices surged 1.6% and the Raw Materials Price Index jumped 3.7% month-over-month, tempering rate cut expectations. Additionally, Canadian yields followed US Treasuries lower after weak services data reinforced Fed rate cut bets, while further support came from the Treasury’s decision to maintain the current share of long-term securities and the Fed’s signal that it may pause asset sales, boosting bond demand.

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Nuclear Energy Index Hits 22-week Low

Aluminum Pulls Back from 9-Month High

US Stocks Slip on Weak Data and Inflation Worries

Canada 10-Year Bond Yield Falls Amid Mixed Economic Signals