GLOBAL MARKETS-Stocks shrug off data, gold hits high, oil sinks
* Global stock markets recover after weak U.S. jobs data
* U.S. unemployment rate hits 10.2 percent, above forecast
* Crude oil prices fall on expected decline in demand
* Yen rises against dollar and euro (New throughout, adds comment, closing prices, background)
By Daniel Bases
NEW YORK, Nov 6 (Reuters) - Global equity markets ended the week with gains on Friday, shrugging off initial shock at U.S. jobs data, but oil prices never fully recovered.
Gold climbed to another record high, piercing through the $1,100 an ounce mark after the data, before slipping back as investors decided the jobless numbers were not so bad.
While U.S. President Barack Obama called the data "sobering", the increase in the unemployment rate to a higher-than-expected 10.2 percent, a 26-1/2-year peak, was later discounted after the number of jobs reported lost in August and September were revised down. For more see [ID:nN06178752].
U.S. employers cut 190,000 jobs last month. Economists polled ahead of the data had expected 175,000 job cuts and an unemployment rate of 9.9 percent. Continued...
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