Europe and Asia Finish Higher

European markets ended higher on Wednesday on George's W. Bush's probable presidential victory. In London, the Financial Times-Stock Exchange 100 gained 25.30 points, or 0.54%, to close at 4718.50. The pharma and biotech sector was buoyant as drug stocks including AstraZeneca and GlaxoSmithKline moved ahead, 2.39% and 2.50%, respectively, on the prospect of a favorable healthcare policy by Bush. Among companies reporting, Prudential rose 0.91% after chief executive Jonathan Bloomer played down the anger of major shareholders, according to the The Daily Telegraph.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.