GLOBAL MARKETS-World stocks, oil rise despite weak US jobs data - Reuters

NEW YORK, May 14 (Reuters) - U.S. and European stocks roseand credit spreads tightened further on Thursday as hopes thata deep global recession may have bottomed gained the upperhand.

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The U.S. dollar rose against the safe-haven yen amid amodest rise in risk appetite as investors shrugged off thelatest signs of worldwide economic weakness. U.S. crude oil prices rose back above $58 a barrel,tracking the rebound on Wall Street, although a gloomy forecastabout world energy demand by the International Energy Agencylimited gains.

Full Story: GLOBAL MARKETS-World stocks, oil rise despite weak US jobs data - Reuters