Dow futures jump more than 200 points

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Dow futures jump more than 200 points
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At the start of the month, the world's two largest economies imposed new tariffs on one another's goods.

The moves in pre-market trade come after a report showed growth in China's services sector hadThe Caixin/Markit Services Purchasing Managers' Index came in at 52.1 in August — its highest reading since May. The 50-mark in PMI readings separates growth and contraction.. It marked the latest escalation in a long-running trade war between the world's two largest economies.

British Prime Minister Boris Johnson in parliament on Tuesday, moving to prevent him from taking the country out of the European Union without a formal agreement on October 31.Sterling has since pared some of its recent losses against the U.S. dollar. The U.K. currency edged up 0.2% to climb above $1.21 Wednesday morning, after falling to its lowest level since October 2016 in the previous session.On the data front, international trade figures for July will be released at 8:30 a.m.

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