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Friday, February 10, 2012, 3:19 PM Peru holds monetary policy steady, keeping its benchmark rate at 4.25% for the 9th consecutive meeting. The central bank sees inflation, currently tripping along at 4.74%, falling to 2% by year's end. Peruvian shares have recovered nicely since the panic surrounding Ollanta Humala's election last spring. EPU +14.7% YTD. Comment! [Global & FX]
Tuesday, June 21, 2011, 1:13 PM A check of the Peru ETF (EPU) finds it retesting the low it hit as shares collapsed in the wake of Ollanta Humala's election. A poll shows the president-elect, a pal of Hugo Chavez, but promising policies more in line with Brazil's Lula, with a 70% approval rating. Down 25% YTD, EPU remains higher Y/Y, +9.5% . 3 Comments [Global & FX]
Thursday, June 9, 2011, 4:37 PM Peruvian shares continue to climb back from their post-election crash, EPU +2.5% to within 5% of its pre-election close. President-elect Humala makes Brazil his first foreign stop, saying the Brazilian model of "macroeconomic stability with social inclusion" is what he envisions for Peru. 1 Comment [Global & FX]
Tuesday, June 7, 2011, 11:02 AM "The new president is likely to end up opting for policy prudence," says Credit Suisse, joining Nomura in calling the selloff in Peru a buying opportunity. Shares are bouncing following yesterday's drubbing. EPU +3.0%, BAP +6.2%, BVN +1.4%, SCCO +1.0%. 2 Comments [Global & FX, On the Move, Commodities]
Monday, June 6, 2011, 12:19 PM "Those speculating now are simply going to lose their money because (everything) is very solid, everything has a good outlook," says Kurt Burneo, a former Peruvian central bank official and adviser to Ollanta Humala. EPU -11.1%, BVN -10.1%, BAP -13.3%, SCCO -8.3%. 1 Comment [Global & FX, Commodities, On the Move]
Monday, June 6, 2011, 9:57 AM The Peru ETF (EPU -9.5%) is diving following Ollanta Humala's victory in that country's presidential campaign. Credicorp (BAP -10.3%), the nation's largest banking institution, is following suit, as is Southern Copper (SCCO -8.5%), which has its major interests in Peru. 3 Comments [Global & FX, On the Move, Commodities]
Sunday, June 5, 2011, 6:40 PM Exit polls show left-winger Ollanta Humala with a 5 point lead over Keiko Fujumori in Peru's presidential election. A pal of Hugo Chavez, Humala has toned down the anti-capitalist rhetoric after barely losing the 2006 race. The battle isn't over as overseas ballots are expected to tilt towards Fujimori. Peruvian shares have been hammered over the past months on worries of a Humala victory. 11 Comments [Global & FX]
Thursday, June 2, 2011, 9:25 AM Peruvian shares continue to plunge, -9.3% for the week as speculation grows Ollanta Humala, running on a Chavez-lite platform, will upset Keiko Fujimori in this weekend's presidential election. A win by Fujimori could result in a major stock rally. Peru ETF: EPU. Major bank: BAP. 1 Comment [Global & FX]
Thursday, April 14, 2011, 10:40 AM Like "choosing between AIDS and cancer" is how a Peruvian Nobel Laureate describes the presidential runoff between Chavez ally Ollanta Humala and Keiko Fujimori, the daughter of a jailed ex-president. Shares agree, off more than 12% since the news hit on Sunday. EPU -2.9%, BAP -0.4%. 7 Comments [Global & FX]
Friday, April 8, 2011, 11:58 AM The Peru ETF (EPU +1.3%) is off more than 7% the last 4 weeks as investors brace for the possible Presidential election victory of Ollanta Humala. Trying to distance himself from ally Hugo Chavez, Humala has been campaigning as a "mini-Lula," a reference to Brazil's popular ex-President. 3 Comments [Global & FX]
Friday, April 1, 2011, 7:58 AM Peru raises bank reserve requirements for a 3rd straight month and further interest rate hikes remain on the agenda as the central bank tries to balance "lax" fiscal policy. Inflation is just 2.23%, but has been accelerating over the past few months. Premarket: EPU -0.1%. Comment! [Global & FX]
Friday, February 11, 2011, 10:46 AM Perfectly acceptable in D.C., Brussels, and London, 2.2% inflation leads to a 25 basis point hike in rates in Peru. It is Peru's 2nd increase this year, with the benchmark rate now at 3.5%. EPU flat. BAP flat. Comment! [Global & FX]
Friday, December 31, 2010, 12:17 PM Peru, up 64%, is the strongest performer in a solid year for the MSCI Emerging Markets Index. Mining and sugar companies make up nearly 70% of the capitalization of Peru's IGBVL index, pretty fair industries to own in 2010. 3 Comments [Global & FX]

BAP Credicorp, Ltd.

BAP

Credicorp, Ltd.