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 dollar and was recently down 0.70% at $1.3141.

The eurozone indices fared above forecasts on all counts, with the manufacturing index easing only slightly from June's six-month high. Country data showed that Germany continued to power ahead of France, which Markit said was "treading water at the start of the third quarter."

In London the FTSE 100 was up 0.29% at 6,720.47.

In Paris the Cac 40 gained 0.49% to 4,397.64. In Frankfurt the Dax rose 0.22% to 10,178.17. In Istanbul the BIST 100 was up 1.3% at 72,522.63, down 12.4% on the week after a failed coup sparked a major clampdown by the government of Turkish President Recep Tayyip Erdogan.

S&P 500 mini futures were recently up 0.24%.

Telecom Vodafone (VOD) was up almost 5% in London after  quarterly organic service revenue growth beat expectations. It was the lead gainer on the FTSE 100, whereas Brexit-sensitive stocks including home builders Berkeley Group and Persimmon, (PSMMY)  and retailers including Marks & Spencer and Kingfisher fell.

Also in London J Sainsbury (JSAIY) slipped as it secured U.K. antitrust approval for its purchase of Home Retail, (HMRTY) the owner of the Argos variety story chain. Home Retail was up 3.8%.

In Madrid lender Bankia was up more than 1% after second-quarter figures showed an improvement in its loan book.

Brent crude was recently up 0.24% at $46.31.


Asian markets had ended the day largely lower. Japanese equities fell after the yen strengthened on better-than-expected PMI data and after pre-recorded comments broadcast by the BBC on Thursday by Bank of Japan Govenor Haruhiko Kuroda, in which he said he sees no need for so-called helicopter money.

The Nikkei 225 fell 1.09% to 16,627.25.