# 'No Chavismo here': Peru socialist candidate Castillo seeks to calm jittery markets | Financial Post

> Peruvian presidential front-runner Pedro Castillo pledged on April 22 not to nationalize companies and to respect the rule of law, after a Datum poll showed him at 41% versus 26% for Keiko Fujimori. The sol hit a historic low before recovering slightly, and the Lima stock exchange fell 2.2%.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/47873-no-chavismo-here-peru-socialist-candidate-castillo-seeks-to-calm-jittery
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Investor fears over a Castillo government keep the sol under pressure and raise Peru's risk premium. Mining and fishing sectors, important to Peruvian fishmeal supply, face policy uncertainty.

## Read by commodity

- USDPEN: bullish ▲
- FISHMEAL: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/no-chavismo-here-peru-socialist-candidate-castillo-seeks-to-calm-jittery-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.