Peru’s Pedro Castillo appointed moderate economist Pedro Francke as finance minister late on Friday, an olive branch to rattled markets after the newly-elected president earlier named members of his Marxist Free Peru party to several other cabinet positions.

Castillo named Guido Bellido, a hardliner and Marxist from the Andean city of Cuzco who is little known in Lima circles, as prime minister on Thursday, initially dampening investor hopes for a more moderate cabinet. The move hammered bond markets and the sol currency.

But the swearing in later in the day of moderate left-wing economist Francke, a top adviser to Castillo who had helped the recently elected president soften his image, appeared aimed at soothing jittery investors. Prime Minister Bellido earlier in the evening had expressed on Twitter his “full support” for the more moderate Francke, saying they would “work together for the country.”

Francke, a close confidant of Castillo and long a favorite for the finance job, a day earlier had left a ceremony to swear in newly appointed cabinet members just minutes before it started, ratcheting up the drama and leaving investors who favored Francke for the job in the lurch.

Most of the rest of Castillo’s cabinet was sworn in on Thursday.

Ivan Merino, a little known mining specialist close to Free Peru, was tapped to oversee the sprawling metals industry in the world’s No.2 copper producer. Castillo, a self-described MarxistLeninist, campaigned on promises to hike taxes on miners to underwrite health and education reforms.

Markets remained on edge throughout the day Friday as investors anxiously awaited Castillo’s choice for the key finance minister position.

“Don’t worry. Everything’s going to be fine,” Bellido said in brief comments to reporters early in the day.