Ukraine’s Foreign Minister: Fire from a tank recorded in Eastern Ukraine

Ukraine’s Foreign Minister Kubela Dmytro said on Thursday that fire from a tank had been recorded in Eastern Ukraine.

This development comes after mortar fire and shelling throughout Thursday morning that was only reported to have stopped at 1:00 p.m. local time.

As for the market’s reaction, the latest round of Russia, Ukraine and NATO in news headlines, suggesting violence in Eastern Ukraine and worsening tensions, is impacting the market mood and accordingly risk sentiment, with the S&P 500 now trading more than 1.0% lower on the day.

US President Joe Biden warned Thursday that the probability of a Ukraine invasion is “very high,” while Russia told the US in its official response to security proposals from Washington that it has no plans to invade.

Russia’s Foreign Ministry handed over an 11-page document Thursday with its views, the Tass news service reported. The two sides in the conflict in eastern Ukraine — government forces and Moscow-backed separatists — accused each other of breaking cease-fire rules.