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
Latest updates
Good morning
Good morning, and welcome to this Tuesday edition of Markets Live. Alex Druce will be guiding you through today’s session.
We’re set at another early decline after Wall Street investors fled overnight. The prospect of new coronavirus lockdowns in Europe and an ongoing stimulus package stalemate weighed on US sentiment.
RBA deputy governor Guy Debelle is due to speak at the Australian Industry Group conference at 10.30am AEST.
This blog is not intended as financial advice
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