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Tuesday,10 May 2022 at 16:07

Peloton shares crashed on Tuesday after the at-home fitness company posted worse-than-expected losses for the third quarter and downgraded its revenue guidance.
The company - which suffered some bad press recently after Sex and the City’s Mr Big died of a heart attack following a stint on one of its exercise bikes - reported a net loss of $757.1m, versus a loss of $8.6m in the same period a year ago and expectations of $132.1m.
Meanwhile, revenue fell to $964.3m from $1.26bn in the third quarter of 2021, when more people were exercising at home due to pandemic restrictions.
UK & European stocks advanced as global markets rebounded from a broad sell-off in recent days, prompted mainly by concerns over inflation and rising interest rates — and the potential for a global recession.
U.S. stocks turned lower, resuming a sharp sell-off that sent all three major indexes to their lowest level year-to-date in the previous trading session.
Oil prices tumbled extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.

Gold rose as the dollar in which it is priced steadied, prompting some investors to buy the metal ahead of U.S. inflation data that could impact the Federal Reserve’s monetary policy.

At the close:
FTSE 100 7,243 +0.37%
FTSE 250 19,384 +0.37%
DAX 13,380 +0.37%
At 17:00:
Dow Jones 32,157 (-0.27%)
S&P 500 3,986 (-0.09%)
NASDAQ 11,653 +0.28%
Fixed Income
UK 10-YR YIELD 1.853
Exchange Rates
GBP/USD 1.231
GBP/EUR 1.169
Gold $1,843 (-0.54%)
Brent $102.83 (-1.91%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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