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Oil prices rose on Friday as new sanctions were imposed on Iran's crude exports, but they fell over the week due to concerns over U.S. President Trump's trade war with China and potential new tariffs on other countries. Brent crude finished at $74.66, while WTI settled at $71.00 a barrel.
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UK stocks dipped on Friday as tariff uncertainties and weaker-than-expected US jobs growth impacted investor sentiment. The FTSE 100 fell by 0.3%, easing from a record high set on Thursday. Despite the Bank of England's recent rate cut, economic growth forecasts have been halved, with inflation projected to nearly double the 2% target this year.
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Affirm's shares surged by 19.5% following a strong holiday shopping season that resulted in a surprising quarterly profit and optimistic annual revenue forecast. Increased use of BNPL services contributed to a $10.1 billion rise in gross merchandise volume, exceeding analysts' expectations. The company's revenue also grew significantly, and it projected higher-than-expected fiscal 2025 revenue.
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