MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Cabinet Changes Spark Peru Libre Backlash, S&P Revises Outlook

PERU
  • Recent cabinet changes ushered in more moderate politicians to ease President Castillo's tensions with congress. The move further to the right has sparked a bounce in the nation's benchmark stock index and dollar bonds as investors supported the signal of a more moderate administration.
    • The far-left Peru Libre party is dropping its support for the government:
    • In a letter posted on Twitter, Vladimir Cerron, the head of the Peru Libre party, said lawmakers would withhold support for what it called a "caviar cabinet" in the opposition-dominated Congress and will expel some members.
  • The Peruvian Sol extended a five day winning streak, with USDPEN reaching the lowest levels since late July around 3.91.
  • Separately, Peru's long-term foreign currency debt rating was affirmed by S&P at BBB+, however the outlook was revised to negative from stable.
    • The ratings agency cited "a fragmented political environment and a difficult social legacy from the pandemic could hurt Peru's medium-term growth prospects and worsen its debt metrics."
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.