▸ Pharmaceutical groups push Stoxx 600 and FTSE 100 to all-time peaks▸ Treasury bonds rally after weaker than expected US employment data▸ Wall Street indices mixed after clawing back losses from earlier in sessionEuropean and UK stocks jumped to fresh record highs yesterday, buoyed by pharmaceutical stocks after President Donald Trump announced a new directto-consumer drug sales programme.The US government’s agreement with Pfizer to lower drug prices and sell medicines directly to patients is expected to be replicated by other pharmaceutical companies.Washington said it was negotiating higher prices for drugs sold to G7 countries plus Switzerland and the Netherlands to counteract the lower US revenues for pharma companies.The pan-regional Stoxx Europe 600 index climbed 1.2 per cent while London’s FTSE 100 gained 1 per cent — with both indices closing at all-time highs.
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