It appears that the Presidential election in Peru is heading for a second round of voting between Ollanta Humala and Keiko Fujimori on 5th June. While a victory for Ms. Fujimori would perhaps be the most market-friendly outcome, comparisons between Mr. Humala and Hugo Chavez are overdone. But with the run-off too close to call, the markets will be in for a rollercoaster ride over the coming weeks.
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