Free Trial
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.
PERU
The first round of the Peruvian presidential election held on 11 April delivered something of a shock as far-left candidate Pedro Castillo from the far-left Chavezist Free Peru National Political Party topped the ballot in the first round with 18.1% of the vote and will advance to the second-round run-off.
- Castillo will face off against Keiko Fujimori from the right-wing populist Popular Force, who came second with 14.5% of the vote. Fujimori, daughter of former authoritarian Peruvian president Alberto Fujimori, unsuccessfully ran for the presidency in 2016, narrowly losing out in the second round run-off to Pedro Pablo Kuczynski.
- The low percentages of the vote for the two leading candidates emphasises the fractured nature of politics in Peru at present, with the public largely dissatisfied with political candidates and parties from across the ideological spectrum. This in turn raises the possibility of further protests and civil unrest after the election, with neither of the candidates in the run-off likely to be able to act as a unifying figure.
- The run-off takes place on 6 June.
- The outlook for the ability of the next president to pass legislation is poor, with the fractured political landscape resulting in a divided Congress with no clear coalitions of left or right able to be formed (see chart below).
Chart 1. Peruvian Congress, Projection Based on Exit Polls
Source: Ipsos, America Elects, MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok