Brazil stocks edge higher after being battered in previous session
By APThursday, May 14, 2009
Brazil stocks up after falling in previous session
SAO PAULO — Brazil stocks are edging higher after shares of the nation’s big companies were battered during the previous session.
Sao Paulo’s Ibovespa index was up 0.3 percent to 48,812 during the first 30 minutes of trading. Brazil’s currency slipped to 2.11 per dollar.
Thursday’s advances in Brazil contrasted with declines for most European markets, which fell for the second day in a row after the release of a disappointing U.S. retail sales report.
The Ibovespa plunged 3.3 percent Wednesday amid declines for all Latin American markets.
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