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Racial gap in U.S. unemployment narrowest since May

The gap in unemployment rates between Blacks and whites in the United States narrowed in November for a third straight month, a modest bright spot in a monthly employment report that fell far short of expectations, with the fewest jobs overall created in six months.

Hopes for stimulus drive risky assets higher despite weak U.S. jobs report

Growing prospects for a U.S. coronavirus relief package after a grim employment report helped boost demand for riskier assets on Friday, sending major stock benchmarks to new records and oil prices to their highest since March when widespread lockdowns aimed at curtailing the pandemic took effect.

Oil rises, hovers below $50/bbl on hopes for U.S. stimulus

Brent crude oil futures rose more than 1% on Friday, remaining just under $50 a barrel, as expectations of a U.S. economic stimulus package and the possibility of a vaccine for the coronavirus overrode rising supply and increased COVID-19 deaths.

UK, EU call in leaders to save trade talks

British and EU negotiators paused trade talks on Friday to call in their leaders to try to narrow gaps and get an agreement over the line, less than four weeks before Britain completes its Brexit journey out of the bloc.

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