World markets report

Pharmaceuticals, encouraged by the prospect of a Republican victory in Massachusetts which would hamper Barack Obama's healthcare reforms, led the FTSE 100 higher yesterday, lifting the index 0.3% to 5,513.

Defensive stocks led the FTSE 100 higher yesterday, lifting the index 0.3% to 5,513.

Pharmaceuticals were encouraged by the prospect of a Republican victory in Massachusetts which would hamper Barack Obama's healthcare reforms. GSK rose 1.9%, AstraZeneca climbed 1.7% and Shire added 0.4%.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.