WASHINGTON (Reuters) – Global stocks rallied on Friday and oil and gold marched higher while the dollar fell after a solid but not blow-out U.S. monthly jobs report made investors less worried that the U.S. Federal Reserve would rein in monetary stimulus soon.
U.S. nonfarm payrolls data showed 559,000 jobs were created last month, a sharp increase in hiring from April but below the 650,000 expected from a Reuters poll of analysts.
The pan-European STOXX 600 index rose 0.39% after hitting a record high this week. MSCI’s all-country world index, which tracks shares in 50 countries across the globe, gained 0.71%.
A stronger-than-expected jobs report would have heightened worries that the Fed might…