ASX 200 drops; Boral flags more inflation pain, Bendigo Bank ups chance of 'hard landing'

Bourse ends at a five-day low. Xero tumbles amid tech sell-off. Boral warns of more inflation pain. New Hope soars in energy rally. Bendigo Bank ups chance of 'hard landing'. 

The Aussie sharemarket is on a rollercoaster following local and global rate moves in response to inflation pressures. Picture: Jeremy Piper

Welcome to the Trading Day blog for Thursday, June 8. The Australian sharemarket fell for a third consecutive session as investors weigh the prospect of higher interest rates over the coming months combined with slowing economic growth.

The S&P/ASX 200 fell 0.3 per cent, or by 18.30 points to 7099.70.

Wall Street is set for a sluggish start this evening with futures tied to the Nasdaq down 0.4 per cent, while the S&P 500 and Dow Jones were 0.1 per cent lower.

The dollar was buying US66.65c at the close.