U.S. equities for Principal Global Investors. Issues with patent challenges and more rigorous regulation are also likely to weigh on the pharmaceutical sector, she added. Wall Street was higher after U.S. crude oil fell below $50 a barrel on Monday. The Dow Jones industrial average was up 0.35 percent at 10,062.35 points and the tech-laced Nasdaq Composite rose 0.30 percent at 1,980.9 points. Crude oil futures on the New York Mercantile exchange sank on technical selling, traders said. Oil futures were off $2.06 to $49.70. In Europe, shares in Swedish truck maker Scania rallied 4 percent to 268 Swedish crowns after its third-quarter profit beat consensus and the company said demand in 2005 could be steady of slightly higher than in 2004. On the downside, KPN fell 1.9 percent as investors focused on weaker-than-expected non-Dutch operations and the cautious comments on margins, although third-quarter earnings doubled.
