India Morning Call-Global markets

EQUITIES

NEW YORK - U.S. stocks rose on Friday, rebounding from the

previous session's selloff, after an unexpectedly strong

payrolls report lent weight to views the world's largest economy

is stronger than previously thought.

With Friday's advance, The Dow and S&P 500 recorded their

fifth straight week of gains. For the week, the Dow rose 0.9

percent and the S&P 500 index rose 0.5 percent. The Nasdaq fell

0.1 percent for the week.

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LONDON - Britain's leading share index edged higher late on

Friday as much stronger-than-expected U.S. jobs data suggested

growth in the world's largest economy was gaining momentum.

U.S. jobs growth unexpectedly accelerated in October as

employers shrugged off a government shutdown. The readings for

the previous two months were revised upwards in a sign of

building momentum. (Full Story)

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TOKYO - Japan's Nikkei share average jumped 1.3 percent on

Monday morning, rebounding from the previous session's selloff

after an unexpectedly strong U.S. jobs report put to bed any

lingering concerns about the pace of economic recovery.

U.S. employers took on 204,000 new employees last month,

almost double the expected 125,000 and defying expectations that

the partial U.S. government shutdown would hamper job growth

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HONG KONG - HK's Hang Seng index to open up 0.2

percent.

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FOREIGN EXCHANGE

SYDNEY - The U.S. dollar held near two-month highs against a

basket of major currencies early in Asia on Monday, having

staged a broad rally after upbeat U.S. jobs data bolstered the

case for the Federal Reserve to scale back stimulus as early as

next month.

The dollar index last traded at 81.289, holding on to

most of Friday's 0.6 percent gains after a closely watched

report showed employers added 204,000 new jobs to their payrolls

last month, soundly beating forecasts for 125,000 jobs.

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TREASURIES

NEW YORK - U.S. Treasuries prices fell on Friday after

stronger-than-forecast October job growth revised expectations

about how soon the Federal Reserve could start to scale back its

bond-purchase program aimed at stimulating the economy.

Ten-year benchmark US10YT=RR note prices slid 1-10/32 while

yields shot up to 2.75 percent from 2.60 percent on the outlook

that the Fed could trim bond purchases sooner than March 2014.

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COMMODITIES

GOLD

SINGAPORE - Gold eased on Monday to trade near three-week

lows after an unexpectedly strong U.S. jobs report reignited

fears the Federal Reserve could begin scaling back its support

for the economy soon.

Spot gold XAU= fell 0.2 percent to $1,286.19 an ounce by

0020 GMT. It lost 1.7 percent on Friday - the metal's biggest

one-day drop in more than a month.

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BASE METALS

SINGAPORE - Copper steadied on Monday after last week

logging its biggest weekly fall in two months, as a revival in

U.S. jobs growth burnished hopes for recovery in the world's top

economy and brightened the outlook for demand.

Three-month copper on the London Metal Exchange CMCU3 edged

up 0.3 percent to $7,184 a tonne by 0121 GMT, extending small

gains from the previous session.

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OIL

NEW YORK - Brent oil rose by nearly $2 per barrel on Friday

as traders covered short positions going into the weekend and

kept a close watch over a meeting between Western powers and

Iran over its nuclear program and renewed violence in Libya.

Six western nations and Iran were expected to iron out an

agreement during a meeting in Geneva. This could ease sanctions

against Iran, which have removed more than 1 million barrels per

day (bpd) of oil from world markets. Any increase in supply from

the Islamic Republic could push oil prices sharply lower.

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