* Stocks rise in Europe and Asia, lifted by commodities
* Dollar near post-jobs report lows, lifting copper, gold,
oil
* Traders rule out June Fed hike, await Yellen speech
By Nigel Stephenson
LONDON, June 6 (Reuters) - Shares rose in Europe and Asia on
Monday, helped by commodity stocks as the dollar remained near
its lowest in more than three weeks, after surprisingly weak
jobs data led investors to push back expectations for an
increase in U.S. interest rates.
Wall Street looked set to follow suit and rebound from the
declines triggered by Friday's non-farm payrolls data, according
to index futures ESc1 SPc1 1YMc1 .
Yields on low-risk U.S. Treasuries fell as expectations
faded that rates would rise soon, remaining near almost
two-month lows touched after Friday's data. Their German
equivalents held close to record-low levels.
The focus for traders and investors shifted to a speech on
the economy and monetary policy later on Monday by Federal
Reserve Chair Janet Yellen, who will appear at the World Affairs
Council of Philadelphia at 1630 GMT
Elsewhere, sterling fell more than 1 percent on the day at
one point. Opinion polls published over the weekend showed
growing support for Britain's voting to leave the European Union
in a June 23 referendum
The pan-European FTSEurofirst 300 stocks index .FTEU3
gained 0.2 percent, having fallen around 1 percent on Friday.
Britain's FTSE 100 .FTSE , which includes several major mining
and oil and gas companies, rose 1 percent.
The STOXX 600 basic resources index .SXPP was up 3.5
percent. Anglo American AAL.L rose 8.5 percent and Rio Tinto
RIO.L 6.3 percent.
"The mining sector is bouncing up on the back of the weaker
dollar," Hantec Markets' analyst Richard Perry said.
The price of copper CMCU3 reached a four-week high. Brent
crude oil rose above $50 a barrel.
MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS rose nearly 1 percent. Australia's mining-heavy
S&P/ASX 200 index .AXJO closed up 0.8 percent.
However, a stronger yen against the dollar helped push
Japan's Nikkei stock index .N225 down 0.4 percent.
The dollar, which suffered its biggest one-day drop against
a basket of major currencies .DXY in four months on Friday,
recovered some of the lost ground on Monday, rising 0.1 percent.
After dropping to a one-month low of 106.35 yen JPY= on
Friday, the dollar rose 0.5 percent to 107.08 yen. The euro fell
0.2 percent to $1.1343 per euro EUR= .
"Rate hike expectations for June have disappeared. And while
the focus has shifted to July, we expect the dollar to be rather
subdued this week, with not much of economic data out of the
U.S.," said Yujiro Goto, a currency strategist at Nomura.
Sterling GBP= fell 0.8 percent to $1.4409, having earlier
fallen more than 1 percent to a low $1.4350 on the polls showing
increased support for "Brexit".
U.S. 10-year yields US10YT=RR , which fell to 1.697
percent, their lowest in almost two months, on Friday, stood at
1.721 percent, up 1.7 basis points.
BUND YIELDS DIP
German 10-year Bunds DE10YT=TWEB , the benchmark for euro
zone borrowing costs, rebounded to 0.78 percent, up 0.5 bps.
They fell as far as 0.065 percent on Friday, their lowest in
more than a year, and remained close to a record low of 0.05
percent hit in April 2015.
The British opinion polls and gains by the
anti-establishment 5-Star Movement in weekend Italian municipal
elections also supported Bunds.
"We have a poll showing the leave camp in the lead in the UK
and in Italy we see the 5-Star Movement gaining ground, so
political risk is a key issue," said KBC strategist Piet
Lammens.
Italian 10-year yields IT10YT=TWEB rose 6.6 bps to 1.41
percent after the electoral setback for the government.
Brent crude LCOc1 last traded at $50.21 a barrel, up more
than 1 percent on the day, also helped by attacks on Nigerian
oil infrastructure O/R .