ASX futures are pointing to a slight decline to begin winter, with the Australian share market expected to open about 13 points lower.The weakness comes despite a solid finish on Wall Street on Friday, with the Dow Jones, S&P 500 and Nasdaq all ending higher.Investors are weighing easing inflation concerns, the outlook for interest rates, and hopes for a lasting peace in the Middle East.Follow our business reporters and analysts in the daily markets blog.PinnedMon 1 Jun 2026 at 7:23amMon 1 Jun 2026 at 7:23amMarket snapshotBy Jason DaseyASX 200 futures: -0.15% to 8,719 pointsAustralian dollar: flat at 71.69 US centsWall Street: Dow Jones (+0.1%), S&P 500 (+0.6%), Nasdaq (+0.9%)Europe: Stoxx 600 (+0.1%), DAX (+0.1%), FTSE (-0.2%)Asia: Nikkei (+2.5%), Hang Seng (+1%)Spot gold: +0.1% to $US4,535/ounceOil (Brent crude): -1% to $US91.12/barrelBitcoin: -0.1% to $US73,595Prices current at 7:25am AEST Live updates on the major ASX indices:Collapse all postsFilter PostsAll6Key Events1Housing1Interest Rates2Mon 1 Jun 2026 at 8:18amMon 1 Jun 2026 at 8:18amSydney and Melbourne home values fallBy Jason DaseyThe Australian property market is losing steam, according to Cotality research director Tim Lawless.Dwelling values fell in Australia's two biggest cities in May, new Cotality data show.Sydney dropped 0.9%, and Melbourne was down 0.8%, with Canberra also declining by a 0.2% fall.My ABC News colleague Lin Lin has written a fascinating story about everyone's favourite talking point, Aussie real estate, with national home values flatlining for the first time since January 2025.Mon 1 Jun 2026 at 7:59amMon 1 Jun 2026 at 7:59amRise in US interest rates now 'a coin flip'By Jason DaseyDigging a bit deeper into the closing numbers from overseas markets to end last week.The S&P 500 notched its ninth straight weekly gain, its longest winning streak since December 2023.A narrow, tech-led rally lifted all three major US indexes to modest gains while benchmark US Treasury yields dipped for a fourth straight session.With US inflation surging, Federal Reserve officials are now mulling hiking interest rates to counter that growing risk."The market has been pricing in about a coin-flip odds of a hike [in the fourth quarter] for a couple of weeks now," Ross Mayfield, investment strategy analyst at Baird, said."We'll have plenty of data by then, but I don't expect the Fed to do much of anything."European shares closed modestly higher, gaining for the month, which was marked by hopes of a deal that would reopen the Strait of Hormuz.The waterway's closure has strained the global economy and agitated markets.MSCI's gauge of stocks across the globe rose 5.75 points, or 0.51%, to 1,130.47.The pan-European STOXX 600 index rose 0.14%, while Europe's broad FTSEurofirst 300 index rose 2.53 points, or 0.10%.Emerging market stocks rose 25.91 points, or 1.50%, to 1,750.60.With reporting by ReutersMon 1 Jun 2026 at 7:51amMon 1 Jun 2026 at 7:51amWill 50pc of white-collar jobs disappear within five years?By Jason DaseyAI is reshaping almost every aspect of our lives, including the jobs we do.Peter McCrory, Anthropic's chief economist, is trying to get his head around the impact of AI on Australia's economy, including companies and their workers.One dire prediction, from McCrory's own CEO, is that half of white-collar jobs could be replaced by AI within five years.He joined Alan Kohler on That's Business, the ABC Business Daily podcast.Key EventMon 1 Jun 2026 at 7:38amMon 1 Jun 2026 at 7:38amASX futures down 13 pointsBy Jason DaseyDoesn't look like the best start to the trading week for Australian investors.ASX futures are pointing to a slightly weaker trend at the start of June, with the Australian share market expected to open about 13 points, or 0.15%, lower.If that indication proves accurate, the ASX 200 would begin trading near 8,719 points after closing on Friday at about 8,732.The subdued outlook comes despite a positive lead from Wall Street.On Friday, US markets finished higher, with the Dow Jones gaining 0.7%, while the S&P 500 and Nasdaq each rose 0.2%.Despite the positive global backdrop, local investors appear cautious as the end of the financial year approaches.Attention this week will focus on economic data, central bank expectations and commodity prices, all of which could influence the direction of the Australian market in the days ahead.Mon 1 Jun 2026 at 7:23amMon 1 Jun 2026 at 7:23amA new season and another week of our markets blogBy Jason DaseyWinter is here, and so is a new week of the ABC News business blog.I'm Jason Dasey, in the relative warmth of south-east Queensland, to bring you the latest market news to start the month of June.And despite a Wall Street rally on Friday, ASX 200 futures are pointing to a negative start to the trading week.So, keep warm, grab a coffee, strap yourself in, and let's get underway!