S&P/BVL Peru Select Index.SPBLPSPT
- Latest Trade
- trading lower523.34PEN
- % Change
- As of Aug 18 2022. Values delayed up to 15 minutes
- Day Range
- 522.68 - 530.89
- 52-Week Range
- 405.99 - 669.12
- Previous Close
Peru's Pedro Castillo appointed moderate economist Pedro Francke as finance minister late on Friday, an olive branch to rattled markets after the newly-elected president earlier named members of his Marxist Free Peru party to several other cabinet positions. Castillo named Guido Bellido, a hardliner and Marxist from the Andean city of Cuzco who is little known in Lima circles, as prime minister on Thursday, initially dampening investor hopes for a more moderate cabinet. The move hammered bond markets and the sol currency. But the swearing in later in the day of moderate left-wing economist Francke, a top adviser to Castillo who had helped the recently elected president soften his image, appeared aimed at soothing jittery investors.
Markets PerformanceOfficial Data Partner
Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes
- WorldPeru currency hits record low, bonds fall on finance ministry vacuum
Peru's currency tumbled to a record low on its largest daily decline in over seven years after new President Pedro Castillo appointed a member of his Marxist party as prime minister and did not yet name a finance minister, leaving the direction of policy and the economy uncertain.