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Monday, June 4

Financial Times García concedes defeat in Peru's election : "Investors were likely to give a guarded welcome to a Toledo victory, encouraged by his economics team, which is led by respected economist Pedro Pablo Kucyinski. Peruvian stock and bond prices had fallen this week while the sol currency dropped to record lows amid market fears that Mr Garca would sneak victory. Few analysts believe the ex-president has learnt from the mistakes that marred his first term in office and worry his populist-minded policies would force him to abandon fiscal responsibility."

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