European indices were mixed on Friday after Markit releaed purchasing managers' indices that pointed toward a slowdown in Britain's services and manufacturing sectors.
Both indices in July fell below the neutral 50 reading, signaling a clear deterioration in sentiment since the U.K. referendum on EU membership.
However, the FTSE 100 still rose by around 0.46% in London to 6,730.48 as defensive stocks gained.
Vodafone was the biggest riser on the day, after a strong set of quarterly results. Vodafone was followed higher by pharma stocks including Hikma Pharmaceuticals (HKMPY) , Astrazeneca(AZN) - Get Report and Glaxosmithkline (GSK) - Get Report , which rose by around 2.7%, 1.8% and 1.4% respectively.
Big fallers on the FTSE 100 were banking, consumer discretionary and construction stocks such as Lloyds Banking Group(LYG) - Get Report , easyJet (EJTTF) , Kingfisher (KGFHY) and Barratt Developments (BTDPF) , which lost 3.2%, 3.6%, 2.2% and 2.2% respectively.
With the morning's data having highlighted the prospect of a slowdown in the U.K economy, the domestically focused FTSE 250 fell accordingly, by around 0.5% to 16,960. Among the biggest fallers on the index were property focused firms Zoopla Property and Countrywide (CYWDF) , whose shares lost 4.4% and 5.2%, respectively.
In Paris, the Cac 40 rose 0.11% to 4,381.10, while the biggest fallers on the index were Technip and Renault (RNSDF) . Technip shares fell by 2.6% and Renault fell by around 2%
Spain's Ibex35 rose by 0.20% after Banco Popular (BPESF) stock rose by nearly 4% after it announced that it would be reducing its workforce and office footprint by as much as 15%.