Russian State media firm, Sputnik International, is reporting that Ukrainian armed forces have fired mortar shells and grenades at four locations in "self-proclaimed Luhansk People's Republic" (the Donbas region of Ukraine).
Brent oil price futures (CO1:COM)(NYSEARCA:USO) bounced 2% from intraday lows, though remain in the red during the overnight session; S&P (NYSEARCA:SPY) futures quickly dropped by ~1.0% on the news.
The news comes a day after Russian State media reported that a thwarted terrorist attack in the region may have been planned by the Ukrainian Defense Ministry.
Whether reports from the Russian State source prove to be accurate remains to be seen, though a "false flag" attack could also be concerning for financial markets; regardless, tensions in the region continue to rise, and markets are taking notice.
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