Peru stocks and dollar-denominated bonds fell as the race to be the next president narrowed to Ollanta Humala , a supporter of greater state control over the economy, and Congresswoman Keiko Fujimori , the daughter of a former leader imprisoned for human-rights abuses.
The race to be Peru’s next president has narrowed to a supporter of greater state control over the economy who once led an army uprising and the daughter of a former leader imprisoned for human-rights abuses.
Peruvians began casting their votes today to elect President Alan Garcia ’s successor after a campaign that pit the daughter of a jailed former president against a one-time army officer promising to assert control over the nation’s mining wealth.
The race to succeed President Alan Garcia of Peru, a country where one-third of the populace lives in poverty, may be decided in up-and-coming neighborhoods such as Independencia where children of peasants who fled the countryside now work and shop at the nation’s biggest mall.
Peru’s dollar bonds rose, pushing down the average yield gap over U.S. debt to a one-month low, after a poll showed support for Congresswoman Keiko Fujimori increased as she and former army officer Ollanta Humala remained locked in a virtual tie before June’s run-off presidential election.