LONDON -- Europe's markets ended higher Wednesday, led by pharmaceutical and telecom stocks. But a tentative start on Wall Street added a measure of uncertainty to the overall performance.

"It's a technical bounce, there's no volume behind it," said one dealer. "The economics are still the same, with oil price worries, interest rate fears, the

Kodak

(EK)

profit-warning and corporate earnings under pressure."

The

FTSE 100

closed up 56 point, or 0.9%, at 6,269 and the

Techmark 100

advanced a more sedate 23points, or 0.6%, to 3,749.

In pharmaceuticals, dealers said there is a feeling the drug stocks looked oversold after Tuesday's beating on news that Washington is expected to allow drug wholesalers to import cheaper branded pharmaceuticals from outside the US.

Glaxo Wellcome

(GLX)

ended up 21p, or 1.1%, to

19.85 ($28.98) and

SmithKline Beecham

(SBH) - Get Report

closed up 11p, or 1.2%, to 902.

Vodafone

(VOD) - Get Report

gave the entire market a leg up with its gain of 5p, or 2.0%, to 250 and

Energis

(ENGSY)

closed up 15p, or 3.0%, to 510.

Technology stocks generally played along.

Geo Interactive

shook off a recent management shake-up to put on 12.5p, or 1.0%, to

12.32. The Israeli company reports its fisrt-half figures on Thursday and the market is anticipating good results.

Scoot.com

announced that its subsidiary in Belgium would provide content for

Microsoft's

MSN.be portal. Scoot moved up 2.25p, or 1.8%, to 125.25p.

However, the ISP

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Freeserve

(FREE)

, which is reporting quarterly results Thursday, felt the impact of a sell note from

UBS Warburg

and its shares closed down 12p, or 4.7%, at 242p.

Europe's other major stock markets made modest gains, as the

CAC 40

in Paris closed 26.2 higher, or 0.4%, at 6,319.8 and the

Xetra Dax

in Frankfurt was up 32.8, or 0.5%, at 6,797.18 late in the German session. The Neuer Markt's technology-heavy

Nemax 50

index, however, was down 94.0, or 1,8%, at 5,243.1.

Europe's largest Internet service provider

T-Online

fell 1.59 euros, or 6.1%, to 24.50 ($21.62) after the company's chief financial officer resigned. The CFO's departure is the third of member of T-Online's board to leave recently due to disagreement over strategy with the ISP's parent

Deutsche Telekom

(DT) - Get Report

. DT erased early gains and was down 0.38 euros, or 1%, at 38.02.

Other telecoms were mixed, with

Telefonica

(TEF) - Get Report

closing down 0.15 euros, or 0.7%, at 22.65 and

France Telecom

(FTE)

ending up 0.30 euros, or 0.3%, at 119.30.

DaimlerChrysler

(DCX)

rose 1.79 euros, or 3.5%, 53.24, after the automaker forecast net income this year would best last year's results.

STMicroelectronics

(STM) - Get Report

closed down 0.10 euros, or 0.2%, at 59.00 and software maker

SAP

(SAP) - Get Report

was up 9.10 euros, or 3.4%, at 280.50.