Brazil's experience suggests that Peruvian equities could rally

Peruvian markets have been hammered since Ollanta Humala, the left-wing candidate, won the first round of the Presidential election last month. There are several parallels to Brazil’s experience during the emergence of President Lula in 2002 and the to this extent the key lesson is that if Mr. Humala can convince investors that he is market friendly, all of the loses could quickly be recovered.

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