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'.
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.
More Coverage
Add your comment to this story
ASX may waver on mixed signals on US tech tariffs
Tech stocks are in focus after Trump's partial, temporary reprieve. Dexus, Rio on watch. Minutes of the RBA's last meeting to be released on Tuesday. March labour force update is due on Thursday.
ASX 200 trims falls as Trump, Asian markets await China response
The ASX 200 trimmed a big intraday fall as US stock index futures and US Treasuries reversed early losses. Asian stocks are mixed with the Nikkei 225 down 3 per cent and the Hang Seng index turning up 1.3 per cent. Xi Jinping will visit Vietnam, Malaysia and Cambodia next week for a response to Trump's 145 per cent tariff war.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout