Russian stocks, ruble jump after report Trump halted further sanctions

President Donald Trump speaks to the press with Vice President Mike Pence (L), from the Diplomatic Room of the White House on March 23, 2018 in Washington, DC.

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President Donald Trump speaks to the press with Vice President Mike Pence (L), from the Diplomatic Room of the White House on March 23, 2018 in Washington, DC.

Russian stocks trading from the U.S. in addition to the ruble jumped after a report in which President Donald Trump could not extend further economic sanctions on Russia, contradicting comments through Nikki Haley, the U.S. ambassador to the United Nations.

The VanEck Vectors Russia ETF reversed earlier losses in addition to jumped 1.6 percent, while the iShares MSCI Russia Capped ETF was up nearly 1 percent. The ruble rose 1.5 percent against the dollar.

Haley on Sunday had said completely new sanctions were coming to punish Russia for its support of Syrian President Bashar Assad’s government over the use of chemical weapons.

although The Washington Post quoted unnamed sources saying in which Trump met with his national security team Sunday in addition to told them he was upset about sanctions being officially rolled out, saying he was not yet comfortable with them. The Post quoted administration officials saying in which Trump could not likely approve any further sanctions, without another provocative action through Russia in which could trigger them.

Russian stocks have been under serious pressure, in addition to the ruble has fallen since the U.S. sanctioned Russian oligarchs in addition to businesses for supporting Assad in addition to also meddling from the U.S. election. Russian stocks are down about 12 percent since the April 6 announcement, in addition to the ruble can be down about 5 percent against the dollar in in which period.

Peter Donisanu, global market analyst at Wells Fargo, said the sanctions limit liquidity for the financial sector in addition to could potentially strain the sector. He said he can be neutral on the emerging European, Middle East in addition to Africa region, of which Russia can be a part.

“There’s more going on here than just a couple of tweets, in addition to truly, at This specific point, pay attention to the reaction more than what’s being said,” Donisanu said.

One reaction has been a steep jump of more than 20 percent in aluminum, after Russia’s Rusal, the globe’s second-largest aluminum producer, was caught up from the sanctions. Rusal produces about 6 percent of the globe’s aluminum.

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