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7/7/11

Peru's bleak economic outlook

It's a sorry day for Peru's economy and markets, with gloom and disaster awaiting this newly forming quasi-communist enclave......errr...hold on...wait a minute....let's just check today's PeruBiz headlines:

Peruvian Nuevo Sol closes at its highest level in three years
(El Comercio) The Peruvian currency closed today's session in 2.744 to the US Dollar, its best level since April 2008

Peru's Main Stock Indexes End Higher; Sol Strengthens
LIMA (Dow Jones)--Peru's main stock market indexes ended sharply stronger on Thursday, on gains in a number of blue chip mining companies that were boosted by rising mineral prices.
The broad General Index closed 1.91% higher, at 19,831.08.
The blue-chip Selective Index ended 2.02% stronger, at 27,607.49.


Peruvian Bonds Rise to 3-Month High on Bets Economy To Rebound
(Bloomberg) Peruvian bonds rose to a three-month high as investors bet the South American nation’s economy will keep growing after President-elect Ollanta Humala takes office.

And finally....

(IKN) Owl's Comment On Peru Makes More Sense Than 99% of The Tosh Written About Country