* Crude prices rise after two days of losses
* Wall Street up as wage data soothes inflation worries
* Yen off as BOJ remains dovish
By Rodrigo Campos
NEW YORK, March 9 (Reuters) - World stock markets advanced on Friday after U.S. job growth posted its biggest increase in more than 1-1/2 years, but the U.S. dollar slipped against most peers except the yen as slowing wage gains indicated only a gradual increase in inflation this year.
A planned meeting between North Korean leader Kim Jong Un and U.S. President Donald Trump, and Kim's pledge to refrain from further nuclear or missile tests during the proposed talks, buoyed investor sentiment, boosting stocks in Asia and giving support to crude futures after two negative sessions for oil. Street led global equity gains as the U.S. labor data landed in a sweet spot for stock investors. great news is the labor participation rate went up, the headline numbers are great, and the average hourly earnings has settled back down into consensus," said Art Hogan, chief market strategist at B. Riley FBR in New York.
"It's a great report across the board."
The Dow Jones Industrial Average .DJI rose 288.05 points, or 1.16 percent, to 25,183.26, the S&P 500 .SPX gained 30.28 points, or 1.11 percent, to 2,769.25 and the Nasdaq Composite .IXIC added 90.43 points, or 1.22 percent, to 7,518.37.
The pan-European FTSEurofirst 300 index .FTEU3 rose 0.32 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.80 percent.
Emerging market stocks rose 1.06 percent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.91 percent higher, while Japan's Nikkei .N225 rose 0.47 percent.
The yen fell sharply versus the U.S. dollar after the Bank of Japan stuck to its dovish policy stance and as Kim's denuclearization pledge boosted risk assets. Still, the greenback slipped against a basket of currencies as the slow U.S. wage gains supported a view that the Federal Reserve would not quicken its pace of raising interest rates. Japanese yen weakened 0.66 percent versus the greenback at 106.93 per dollar. The dollar index .DXY fell 0.14 percent.
The euro EUR= up 0.09 percent to $1.2321 while sterling GBP= was last trading at $1.3866, up 0.41 percent on the day.
The Mexican peso gained 0.44 percent versus the U.S. dollar at 18.57. The Canadian dollar rose 0.54 percent versus the greenback at 1.28 per dollar.
U.S. Treasury yields advanced across the board after the strong jobs data.
Benchmark 10-year notes US10YT=RR last fell 11/32 in price to yield 2.9048 percent, from 2.866 percent late on Thursday.
The 30-year bond US30YT=RR last fell 20/32 in price to yield 3.1655 percent, from 3.132 percent late on Thursday.
"The headline (payrolls) print is sort of a shockingly strong number, the guts of the report are as good," said Tom Porcelli, chief U.S. economist at RBC Capital Markets in New York.
U.S. crude CLcv1 rose 2.86 percent to $61.84 per barrel and Brent LCOcv1 was last at $65.36, up 2.75 percent on the day.
Spot gold XAU= added 0.1 percent to $1,322.72 an ounce. U.S. gold futures GCcv1 gained 0.12 percent to $1,323.30 an ounce.
Copper CMCU3 rose 1.86 percent to $6,960.00 a tonne.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets in 2018
http://tmsnrt.rs/2jvdmXl Global currencies vs. dollar
http://tmsnrt.rs/2egbfVh Global bonds dashboard (DO NOT USE UNTIL UPDATE FOUND)
http://tmsnrt.rs/2fPTds0 Emerging markets in 2018
http://tmsnrt.rs/2ihRugV MSCI All Country Wolrd Index Market Cap
http://tmsnrt.rs/2EmTD6j
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