GLOBAL MARKETS – Stocks struggle higher as PMIs weigh – Reuters

GLOBAL MARKETS – Stocks struggle higher as PMIs weigh – Reuters

* Lull as Wall Street hits record highs

* Dollar rebound runs out as US labor market looks weak

* German, French and EZ PMI below expectations

* Chinese yuan reaches its highest level in 7 months

By Karin Strohecker

LONDON, Aug.21 (Reuters) – Global stock markets posted cautious gains on Friday, inspired by tech stocks on Wall Street, but lukewarm economic data and high valuations held…

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