UK pharmaceuticals rose in early trading after speculation mounted President Barrack Obama's healthcare reforms could be thwarted by the Republicans.
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London's leading shares have started the day positively as investors shake off concerns surrounding the fallout from Dubai.
Warnings about the impact of interest rates on new house build demand caused the FTSE 100 index to close down on Tuesday, along with continued profitability pressure from the oil price.
In London this morning, FTSE All-Share index was up about 2 points to 4,708.4, despite oil prices edging up.
Trading is a little more confident this morning as House of Fraser, one of the struggling high street retailers, has revealed its losses have at least reduced.
Trading is not getting any better on the London stock markets so far this week, as climbing oil prices could hit profit potential and some companies are still seeing ratings downgrades.
Stock markets didn't react too well when the London oil price hit another new high today, so most prices have struggled to hold any kind of position.