ASX loses ground ahead of May jobs data

Summary

• The ASX 200 fell by as much as 39 points, or 0.7 per cent, at the open to 5952.7
• US stocks declined overnight as worries mounted over a resurgence in COVID cases
• Australia's jobless rate for May is tipped to rise to from 6.2pc to 7pc
• Brent crude fell 0.8pc, US oil dropped 1.2pc, iron ore fell 0.7pc to $US104.85 a tonne