Waste Management Inc (WM) 加自选

2025年8月，美国的建筑许可证下降了2.3%，经季节性调整后的年化率为133万份，高于初步估计的131.2万份。尽管进行了修订，但这仍然是自2020年5月以来的最低水平。单户住宅许可证下降了1.9%，年率为85.8万套，而拥有五个或更多单元的建筑许可证下降2.8%，至42万套。从地区来看，东北部（-3.2%至12.1万）、中西部（-8.6%至20.2万）和南部（-5.8%至69.9万）的许可证数量有所下降，但西部（12.4%至30.8万）有所增加。

Building permits in the United States fell by 2.3% to a seasonally adjusted annualized rate of 1.330 million in August 2025, revised up from a preliminary estimate of 1.312 million. Despite the revision, this remains the lowest level since May 2020. Single-family permits decreased by 1.9% to an annualized rate of 858 thousand, while permits for buildings with five or more units dropped by 2.8% to 420 thousand. Regionally, permits declined in the Northeast (-3.2% to 121 thousand), the Midwest (-8.6% to 202 thousand), and in the South (-5.8% to 699 thousand), but increased in the West (12.4% to 308 thousand).

9月份，由于实物铀基金的新兴趣和对核燃料的长期押注，美国铀期货飙升至每磅80美元以上，为十个月来的最高水平。实物基金Yellow Cake筹集了1.25亿美元用于购买铀，这与行业重量级公司Sprott的类似举措相呼应，后者在6月份引发了铀价格的反弹。此前，美国宣布将增加其战略铀储备，以缓冲因俄罗斯日益严格的进口限制而导致的潜在供应挫折。与此同时，世界核协会预测，到2030年，核电对铀的需求将增长28%，这反映了政府对核电实现能源安全目标的偏好，以及软件公司对数据中心需求的增加。在供应方面，由于萨斯喀彻温省麦克阿瑟矿的扩建延迟，加拿大Cameco下调了年度产量指导，而Kazatomprom明年将产量削减了10%。

Uranium futures in the US surged to above $80 per pound in September, the highest in ten months, on fresh interest from physical uranium funds and long bets on nuclear fuel. Physical fund Yellow Cake raised $125 million for uranium purchases, echoing similar moves from industry heavyweight Sprott, that triggered a rally in uranium prices in June. This was after the US announced it would boost its strategic uranium reserve to buffer potential supply setbacks on growing import restrictions from Russia. In the meantime, the World Nuclear Association forecasted that uranium demand for nuclear power is due to rise by 28% by 2030, reflecting government's preference of nuclear power to reach energy security goals and increasing data-center demand by software companies. On the supply front, Canada's Cameco cut its annual production guidance due to expansion delays in its McArthur mine in Saskatchewan, while Kazatomprom cut its output by 10% next year.

美国贝森特：美联储长期以来一直过高。这里没有什么新鲜事，因为贝森特继续附和特朗普大幅快速降低利率的决心。他表示，美联储正在进入宽松周期，但自去年以来，美联储一直处于宽松周期，即使没有降息，鉴于其温和的反应功能，金融状况也在持续宽松。

US Bessent: Fed has been too high for too long.There is nothing new here as Bessent continues to parrot Trump's desite to get interest rates down substantially and quickly. He's saying the Fed is going into an easing cycle but the central bank has been in an easing cycle since last year and even if it hasn't cut rates, financial conditions kept on easing given their dovish reaction-function.

投资现场欧洲市场收官：美元反弹，美国期货小幅上涨。由于市场参与者在本周中期只能自行其是，因此当天没有任何重大新闻头条。

investingLive European markets wrap: Dollar bounces back, US futures inch up.There weren't any significant headlines on the session as market players were left to their own devices in riding out the middle of the week.