Brazil stocks up Thursday for 2nd day in a row

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Brazilian stocks are edging higher for the second day in a row, tracking European equities that are in positive territory.

Brazil's Ibovespa index was up 0.4 percent to 35,457 shortly after trading began. But the nation's currency, the real, slipped against the dollar.

Thursday's gains for big Brazilian companies marked the second day in a row that stocks were going higher in Latin America's largest nation.

European stock markets also rose Thursday despite a mixed performance in Asia. European investors were cheered by Sweden's Riksbank massive rate cut and predicted aggressive moves later from the European Central Bank and the Bank of England.

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