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Russia Rallying On Geneva Talks

Russian stocks in US afternoon trading have caught fire as the outcome from the Geneva discussions shows some tangible progress beyond merely a constructive tone that was all markets could have expected to gain from the event.  Clearly going into the Kerry/Lavrov summit there was a low bar on a positive outcome.  What we now have is a step back from the brink. The RSX ETF rallied intra-day 5.5% from 12:30 to 2:30 as details from the joint statement began to hit the tapes. 

RSX Rallies as Geneva Talks Surprise

RSX Rallies as Geneva Talks Surprise

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