ASX dives to fresh three-month low; Miners, banks weigh

Summary

• The ASX 200 fell as much as 0.9% to a new three-month intraday low. The big miners and banks weighed heavily. 
• 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
• Commodity prices fell overnight as the US dollar rallied. Spot gold dropped 2%, brent crude 3.2%, US oil 3.7%, and iron ore shed 4.1% to $US119.82 a tonne
• RBA deputy governor Guy Debelle is due to speak at the Australian Industry Group conference at 10.30am AEST