Some Of The Risk-Off Impulse Starts To Pare Back

Some (unverified) social media commentary has done the rounds, pointing to the safe shutdown of 2/6 nuclear reactors at Ukraine’s Zaporizhzhia nuclear power plant, which may be allowing some of the risk-off move to fade from extremes, although we haven’t seen verifiable confirmation of this. We stress that the reports are unverified. AP noted that an unnamed Ukrainian government official has flagged elevated radiation levels around the plant, although conflicting reports from Russia’s RIA point to no change in background radiation levels. We have also heard from U.S. Senator Marco Rubio, who tweeted: “Second Ukraine official just now says reactor was “hit” & is inactive with fuel inside but that its the admin building which is on fire. He had received no information about elevated radiation levels. Says meltdown unlikely but leak is possible. No other verified info available.”