🟢 Global X Uranium ETF is trading 3.2% up today on improved risk sentiment and bargain hunting

Global X Uranium ETF is trading 3.2% higher today, staging a partial recovery following a sharp 9.9% decline on June 5.

• The previous selloff was triggered by stronger-than-expected U.S. jobs data, which led investors to price in a longer period of restrictive Federal Reserve policy and sparked a broad risk-off move.
• With no major U.S. economic data scheduled for today and index futures trending higher, the move appears driven by bargain hunting in the high-beta uranium segment as overall market sentiment improves.