SYDNEY/LONDON—Shares rose and the dollar firmed on Monday as investors bet the Federal Reserve would pause its rate hikes this month after a mostly encouraging U.S. jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.
The benchmark European STOXX index climbed 0.18 percent in early trading, led by gains in the oil & gas sector index and echoing a 0.2 percent gain in MSCI’s broadest index of Asia-Pacific shares outside Japan.
Japan’s Nikkei surged 2.1 percent to stand above 32,000 for the first time since July 1990.
The dollar also firmed against major peers after data on Friday showed payrolls in the public and private sector far outstripping forecasts, while wage pressures eased and the unemployment rate climbed off a 53-year low….