* The index for Brazil’s São Paulo stock exchange (Ibovespa) fell for the second consecutive session after a volatile day yesterday (16 April), in reaction to concerns about the oil sector and political tensions at home. The 1.29% dip was driven by the poor performance of the shares of state-owned oil company Petrobras, and followed the news of the change in leadership in the federal health ministry as the coronavirus (Covid-19) pandemic continues to worsen in the country. The real, which had recovered slightly after plunging in March, depreciated 0.27% against the US dollar, closing the day at R$5.26/US$1.
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