A new national poll released this week is one of the first to indicate a bump up in President Donald Trump's approval ratings after a steady edging down in the president's numbers since he returned to office in January.

Trump stands at 44% approval and 52% disapproval in a Reuters/Ipsos poll conducted Monday and Tuesday (May 12-13). The president's approval rating edged up two points — which is within the survey's sampling error — from the previous Reuters/Ipsos national survey, which was in the field late last month.

Likely fueling the modest increase in the president's overall approval rating is his performance on the economy. The new poll indicates 39% of adults nationwide give Trump a thumbs up on how he is handling the economy, up three points from last month.

The new poll was conducted amid this week's surge in the stock markets following a truce between the U.S. and China in their tariff standoff, and in the wake of last week's signing of an initial trade deal with the U.K. — which is the first since Trump implemented massive tariffs on friends and foes across the globe six weeks ago.