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European Stock Indices Edge Up; PMI Data Show Eurozone Resilience, U.K. Slump

European stock indices moved higher on Friday after purchasing managers' indices for July showed the U.K. was hit hardest by the country's vote to leave the U.K.

Preliminary purchasing managers' indices for the U.K. came in worse than expected, with the composite and services indices falling to seven-year lows and both indices, as well as the manufacturing barometer, entering sub-50 contraction territory. Markit said the U.K. was headed for 0.4% economic contraction in the third quarter. The pound fell against the...