Brazil Daily

After new ‘Black Monday,’ how will Brazil react?

We’re covering the aftermath of markets’ hectic Monday. The effects of the oil crisis on Brazil. And an update of novel coronavirus infections in the country.

How can Brazil respond to the imminent crisis?

Brazilian markets have faced turmoil since returning from the Carnival holidays, culminating with yesterday’s crash—the single worst trading day in nearly 22 years. Following an oil price war kicked off by Saudi Arabia and Russia over the weekend, Brazil’s benchmark stocks index dropped 12.17 percent, triggering a circuit breaker, which stopped trading for 30 minutes. Meanwhile, the U.S. Dollar reached BRL 4.7246—the highest nominal...

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