The coronavirus pandemic is dominating global markets, business and politics. Here’s our daily take on the most important stories, and some things to watch out for.

Melbourne’s auction clearance rate fell as the spike in virus cases unnerved buyers and forced most on-site auctions back online.
Australian stocks are expected to post sharp losses when trading resumes on Monday as second wave fears tighten their grip on global equity markets, raising the prospect of another bout of wholesale pandemic-related selling.
It is not part of the RBAs mandate to generate profits. And in extraordinary times, all credible options should be on the table, writes Grant Wilson.
Despite eased pandemic restrictions allowing the return of traditional auctions, online auctions remain a popular a way to sell prime farmland with a number of notable deals struck under the virtual hammer in the past week.
Unions have agreed to extend the hospitality industry’s emergency powers to cut hours and direct staff to take annual leave due to border closures and trading restrictions, but are opposing further suspension of penalty rates for administrative staff.
Five US states hit record daily highs for coronavirus cases and Vice President Mike Pence cancelled planned campaign events in hard-hit areas as the virus surged in America’s south and west, halting economic reopening plans.
Online cloud computing education start-up A Cloud Guru has soared past the $100 million revenue milestone just five years after launching, spurred by its acquisition of Linux Academy and the shift to remote working and learning.
As well as ticking off your “to do” list before June 30, ensure you’re making the most of ATO special concessions.
By the numbers
 AFR
The total number of coronavirus cases nationally increased by 53 for a total of 7694 as at 5.30pm AEST on Sunday. Track the economic recovery at our data page here.