* Stocks jump after surprisingly strong U.S. jobs data
* U.S. crude extends rise on jobs data, trade choppy
* Dollar extends gains after U.S. jobs data
* Bond prices fall after rise in Oct U.S. payrolls
(Updates with U.S. nonfarm payroll data, adds byline,
dateline, previous LONDON)
By Herbert Lash
NEW YORK, Nov 5 (Reuters) - Global stocks rose while the
dollar and crude oil extended gains after U.S. employment
increased more than expected in October in a fresh sign that
the sluggish U.S. economy remains in a moderate recovery.
The U.S. dollar rose against the euro and yen after the
U.S. Labor Department said nonfarm payrolls increased 151,000
last month and private companies hired workers at the fastest
pace since April. For more details, click []
Analysts had forecast a rise of 60,000 jobs in October,
according to a Reuters poll. The unemployment rate remained
unchanged from the previous month at 9.6 percent.
"It's a lot stronger than people were anticipating," Nigel
Gault, chief U.S. economist at IHS Global Insight in Lexington,
Massachusetts.
"So it's still within the realm of a moderate recovery.
It's both better than people had been looking for and it's
another nail in the coffin of a double dip," Gault said.
The euro fell while U.S. Treasuries and German bunds slid
as the surprisingly strong employment data undermined the
safe-haven appeal of government debt. []
The euro traded at $1.4047 <EUR=EBS>, down from the $1.4103
before the report.
The dollar was last at 81.38 yen <JPY=EBS>, compared with
80.91 yen prior to the data.
Benchmark 10-year Treasury notes <US10YT=RR> were trading
23/32 lower in price to yield 2.57 percent. The December Bund
future <FGBLc1> dropped nearly half a point to 129.95.
"Good news is good news. The commodity markets and the
stock markets all got everything they wanted this week, which
is incredible," said Jeffrey Friedman, senior market strategist
at Lind-Waldock in Chicago.
European shares rose from about break-even on news of the
U.S. employment data and U.S. stock index futures turned
positive. [] []
The FTSEurofirst 300 <> index of leading European
shares advanced 0.5 percent to 1,112.11 by 1235 GMT.
S&P 500 futures <SPc1> rose 2.4 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract.
December crude <CLZ0> rose 26 cents, or 0.3 percent, to
$86.75 a barrel by 8:40 a.m. EDT (1240 GMT), having traded
from $86.21 to $87.22.
(Reporting by Leah Schnurr, Rodrigo Campos, Nick Olivari,
Robert Gibbons and Chris Reese in New York, Dominic Lau in
London; Writing by Herbert Lash, Editing by Chizu Nomiyama)
