In the UK the FTSE 100 Index has climbed 20 points to 5366.60 points this morning, after a two day losing streak in the back end of last week.
Xstrata leads the benchmark, up 35p to 1,308p. The mining firm has agreed to purchase a 19.9% stake in nickel producing Falconbridge from Brascan Corp, a Switzerland based company for $1.7b, to take advantage of record metals prices.
Mobile incumbent Vodafone has added 4p to 152.75, despite analysts maintaining its overweight standings, however, Vodafone is reported to have launched its 3G enabled services in New Zealand.
Its competitor O2 meanwhile is down 3p to 146.50p this morning, after a £14bn bid for the firm by Deutsche Telekom and KPN was put on ice, as the two bidders failed to reach agreement on the structure of a combined offer.
Cadbury Schweppes has lost 5.50p to 531p.
In Tokyo the Nikkei 225 Stock Average was little changed, losing a fraction to 12,256.55 at its close early Saturday morning. The Topix index however, closed at its highest level since July 10, 2001, to 1,248.77.
Automakers including Toyota Motor declined after an increase in the yen against the dollar. The firm shed 1.14% to 4,330 yen.
Nippon Steel added 2.73% to 301 yen.
In the US the Dow Jones declined 85.58 points to 10,600.31 points at its close late Friday evening, led by McDonalds.
The fast food chain shed $1.44 or 4% to $33.25, along with computer firm Intel retreating $0.51 to $26.31.
On the winning side only United Technologies showed any movement, picking up $0.15 to $51.78.IFAonline
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