1. Auction clearance rates down
The red hot property market continues to cool, with auction clearance rates in Sydney and Melbourne plummeting. The AFR says two in five Sydney homes failed to sell over the weekend, with the city’s clearance rate down to 59%. Melbourne’s clearance rate was 61%, while the national figure was 62%. In contrast, Adelaide is still doing well with a 76% clearance rate, Canberra 71% and Brisbane 65%. Sellers are eager to sell but buyers now have the upper hand, with 53% of properties sold before auction, and vendors worried that buyers are waiting for bigger falls in prices as interest rates rise.

2. Rate rise tomorrow of 0.4% tipped
On the subject of interest rates and the Reserve Bank is tipped to increase the cash rate by 0.4% at Tuesday’s meeting. RBA Governor Dr Phil Lowe says he prefers 0.25% rate rises but economists think he’s set to raise by 0.4% to take the cash rate to a neat number of 0.75%. Dr Phil could also be pressured by other central banks like the Kiwis and the US, where they’ve increased rates by a big 0.5% to ensure that inflation doesn’t get out of control. A 0.4% rise in home loan rates would increase repayments of a $500,000 loan by $109 a month.

3. Ukraine exits World Cup qualifiers on an own goal
Football is commonly referred to as 'The Beautiful Game', but it can also be just as cruel. Having what seemed like the whole world behind them in support to qualify for the World Cup in Qatar later this year, Ukraine lost to Wales 1-0 last night to send them out of the tournament. To make matters worse, the ball found the back of the net from an own goal by their star striker Andriy Yarmolenko. Though on the flip side, football continues to be the beautiful game, as last night's victory meant the Welsh national time celebrated what will be their first appearance in the World Cup since 1958!

4. Bitcoin miners sell stash to cover costs for BTC’s falling price
Bitcoin miners are beginning to sell tokens they’ve hoarded to cover burgeoning costs with the prospects for industry growth slowing and the price of the largest cryptocurrency showing few signs of rebounding following the recent collapse from record highs. (Bloomberg)

The latest data shows miners transferred about 195,663 coins to exchanges last month, and while that doesn’t necessarily indicate all will be sold off, it is definitely a sign of the current state of the cryptocurrency market.

5. Our market expected to drop today
And the negative news rolls on with the stock market expected to open down 32 points or 0.44% to 7210 and you can blame great jobs figures in the US. How does that work? On Friday, the US got its latest jobs report and in the month of May, they created 390,000 jobs, which was higher than expected. This has Wall Street worried that it will make the US central bank raise interest rates too high, potentially causing a recession. The fear of too many rate rises also hits big US tech stocks, so local tech stocks are likely to get dumped today. On Wall St: Dow -1.1% S&P 500 -1.6% Nasdaq -2.5%.