Peruvian markets have reacted nervously as leftist congressman Roberto Sanchez gains ground in a tight presidential race, with about 92% of ballots counted. Sanchez has about 12% of the vote, behind Keiko Fujimori at 17%, and the two will meet in a June 7 runoff.
External observers have acknowledged ballot problems but cited no evidence of fraud.
Investor worries over a possible leftist government can pressure the Peruvian sol and push up fishmeal risk premia, since Peru is a key fishmeal supplier to feed markets.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.