GLOBAL MARKETS-Wall Street rides Friday's jobs wave, bonds fret over Fed

* Global asset performance http://tmsnrt.rs/2yaDPgn
* World FX rates http://tmsnrt.rs/2egbfVh

(Updates to U.S. markets open, changes dateline; previous
TOKYO; changes byline)
By Stephen Culp
NEW YORK, April 5 (Reuters) - U.S. stocks set a course for
new record highs on Monday as blow-out economic data increased
investor risk appetite while putting bonds under pressure on
worries the Federal Reserve could start raising interest rates
sooner than expected.
Friday's payrolls data, which showed 916,000 job added in
March and the unemployment rate falling to 6%, driven by vaccine
deployment and stimulus, marked the beginning of what could be
the strongest yearly economic performance in decades.
Further evidence of economic revival was provided by the
Institute for Supply Management's non-manufacturing PMI report,
which hit a record high. "Friday's employment number as well as today's
Non-manufacturing ISM data indicate growing economic strength,
which raises concern about the Fed having to taper or increase
interest rates," said Tim Ghriskey, chief investment strategist
at Inverness Counsel in New York.
The Dow Jones Industrial Average .DJI rose 384.05 points,
or 1.16%, to 33,537.26, the S&P 500 .SPX gained 53.2 points,
or 1.32%, to 4,073.07 and the Nasdaq Composite .IXIC added
176.06 points, or 1.31%, to 13,656.17.
European and Australian stock markets were closed in
observance of Easter Monday, while China's stock market was dark
in observance of Tomb Sweeping day.
MSCI's gauge of stocks across the globe .MIWD00000PUS
gained 0.90%.
Emerging market stocks rose 0.02%. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.01%
lower, while Japan's Nikkei .N225 rose 0.79%.
U.S. Treasury yields were mostly higher in choppy trading,
lifted by continued optimism about U.S. economic prospects
following Friday's blockbuster nonfarm payrolls report.
Benchmark 10-year notes US10YT=RR last fell 1/32 in price
to yield 1.727%, from 1.72% late on Friday.
The 30-year bond US30YT=RR last fell 14/32 in price to
yield 2.387%, from 2.37% late on Friday.
The dollar dipped to one-week lows against a basket of
currencies as U.S. stocks rallied and as investors waited on the
next catalyst to drive direction. The dollar index .DXY fell 0.45%, with the euro EUR= up
0.35% to $1.1803.
The Japanese yen strengthened 0.58% versus the greenback at
110.10 per dollar, while Sterling GBP= was last trading at
$1.3896, up 0.48% on the day.
Oil prices fell as increasing OPEC+ supply and rising
Iranian output offset hopes for a demand rebound driven by
economic revival. U.S. crude CLcv1 fell 3.04% to $59.58 per barrel and Brent
LCOcv1 was last at $63.07, down 2.76% on the day.
Gold prices edged lower as the safe-haven metal's luster was
dimmed by rising global equity prices. dropped 0.2Spot gold XAU= slipped % to $1,728.57 an ounce.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
World FX rates YTD http://tmsnrt.rs/2egbfVh
Global asset performance http://tmsnrt.rs/2yaDPgn
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>