ASX to slip; IAG, Bluescope Steel to report; China rate move looms

News Snapshot:

On Wall Street, the S & P 500 ended modestly lower to finish last week, though it did recover from an opening drop. There’s an expectation among some investors that more selling is likely this week; others see a potential further 4 per cent drop and test of the 4200 mark. There’s a dearth of key data and major central bank decisions this week with the exception of Monday’s rate setting in China and the Jackson Hole, Wyoming Federal Reserve gathering Thursday to Saturday. “Higher for longer” is the new concern for US investors, according to Nancy Vanden Houten, the...