GLOBAL MARKETS-Stocks, dollar and oil rise after U.S. jobs data

                                
  
                                
 * Global stocks rise but Wall Street wavers on 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
 (Adds open of U.S. markets)
                                
 By Herbert Lash
                                
 NEW YORK, Nov 5 (Reuters) - Global stocks, the dollar and
crude oil rose on Friday after U.S. employers added more jobs
than expected last month in a surprising gain that fueled hopes
that the U.S. economy is on a faster pace to healthier growth.
                                
 News that nonfarm payrolls rose by 151,000 in October --
more than double the expected increase -- lifted markets that
had leveled off after a Federal Reserve move earlier in the
week to spur faster growth had fueled gains in risk assets.
                                
 The U.S. dollar rallied against the euro and yen, while oil
hit a two-year high above $87 a barrel on U.S. Labor Department
data that showed private companies hired workers at the fastest
pace since April. For details see: [ID:nN04265378]
                                
 The dollar rose versus a basket of major currencies, with
the U.S. Dollar Index <.DXY> up 0.68 percent at 76.395.
                                
 Analysts had forecast a gain of 60,000 jobs in October,
according to a Reuters poll, even as the U.S. unemployment rate
remained unchanged from the previous month at 9.6 percent.
                                
 "It's both better than people had been looking for, and
it's another nail in the coffin of a double dip," said Nigel
Gault, chief U.S. economist at IHS Global Insight in Lexington,
Massachusetts, referring to fears the economy would slide back
into recession.
                                
 However, the data was "still within the realm of a moderate
recovery," Gault said, a view that seemed to be reflected on
Wall Street, where markets hovered near break-even, in contrast
to better gains in Europe and elsewhere.
                                
 MSCI's all-country world stock index <.MIWD00000PUS> rose
0.2 percent while the FTSEurofirst 300 <.FTEU3> index of
leading European shares advanced 0.5 percent to 1,112.97.
                                
 "It was a stunning turnaround but you have to question
whether it is sustainable," said Peter Dixon, an economist at
Commerzbank. "But for now, with the quantitative easing
announced on Wednesday, it is a 'win-win' for equities."
                                
 Dixon referred to the Fed's decision to pump an additional
$600 billion into the U.S. economy through government bond
purchases in hopes of pushing interest rates down further and
stimulating demand. Markets jumped Thursday on the decision.
                                
 Miners ranked among Europe's best performers as metal
prices rallied sharply, with Shanghai zinc jumping 5 percent
and London copper rising to fresh 27-month highs, within $200
of a fresh record. Copper <CMCU3> rose to $8,769.50 per tonne.
                                
 On Wall Street, the S&P 500 edged higher as banking stocks
surged following reports in the last session that the Fed would
allow some stronger banks to increase dividend payments.
[ID:nN05189917] But the Dow dipped a day after closing at its
highest level since Lehman Brothers' demise in September 2008.
The Nasdaq also slipped.
                                
 The Dow Jones industrial average <.DJI> was down 13.88
points, or 0.12 percent, at 11,420.96. The Standard & Poor's
500 Index <.SPX> was up 2.23 points, or 0.18 percent, at
1,223.29. The Nasdaq Composite Index <.IXIC> was down 3.08
points, or 0.12 percent, at 2,574.26.
                                
 While the jobs report will help bolster so-called risk
markets and push oil prices higher, investors want to see
sustainable gains in unemployment, said Mohamed El-Erian, who
helps oversee more than $1.1 trillion as co-chief investment
officer at Pacific Investment Management Co, or PIMCO.
                                
 "The longer-term impact will depend on the strength of the
all-important hand-off to permanent sources of employment
growth," El-Erian said.
                                
 Gold hit a fresh record, with spot gold prices <XAU=> up
$4.95 at $1,397.20 an ounce.
                                
 U.S. crude futures <CLc1> rose 22 cents at $86.70 a barrel,
having touched $87.22 earlier, the highest intraday price since
October 2008.
                                
 ICE Brent futures <LCOc1> rose 1 cent to $88.10.
                                
 The euro <EUR=> was nearly 1 percent at $1.4060, and
against the Japanese yen, the dollar <JPY=> was up 0.62 percent
at 81.22.
                                
U.S. Treasury debt prices fell, driving the 30-year bond
yield to its highest level since June, as the jobs data erased
the safe-haven appeal of government debt. [ID:nN05330484]
                                
 The 30-year U.S. Treasury bond <US30YT=RR> slid 29/32 in
price to yield 4.12 percent. The benchmark 10-year U.S.
Treasury note <US10YT=RR> fell 11/32 in price to yield 2.53
percent.
                                
 The MSCI index of Asia Pacific stocks outside Japan shot up
1 percent <.MIAPJ0000PUS>, while Japan's Nikkei share average
<.N225> rose 2.9 percent overnight in Asia, leading gains in
regional stock indexes for a second day.
 (Reporting by Rodrigo Campos, Gertrude Chavez-Dreyfuss,
Jennifer Ablan and Ellen Freilich in New York, Ikuko Kurahone,
Brian Gorman Dominic Lau in London; Writing by Herbert Lash;
Editing by Jan Paschal)