ASX to continue September slide; Wall Street drops

Summary

• SPI futures are down 1% and hint at further losses for the ASX 200 on Tuesday
• The index has shed 3.9% so far in September and is about 5.5% off its post-pandemic peak on August 25. It closed at a near three-month low on Monday
• Wall Street fell to seven-week lows amid a worsening COVID-19 situation in Europe, and the increasing likelihood a new stimulus deal will not be reached before the November 3 presidential election
• RBA deputy governor Guy Debelle is due to speak at the Australian Industry Group conference at 10.30am AEST