In corporate news, shares in mining company Xstrata Plc rose over 3 percent after it recommended to shareholders the merger with Glencore Plc. The deal would create an industry behemoth with revenues of around $175 billion.In Asia, markets in China, Hong Kong and South Korea were closed for public holidays. In Tokyo, Japan's benchmark Nikkei 225 index fell after a closely watched survey showed confidence in the economy weakening.
European Markets Rise But Spain Downgrade Looms
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