Global shares rise as US jobs report stokes low rate hopes

TOKYO (AP) — Global stocks rose Monday after a U.S. jobs report raised hopes the Federal Reserve will bide its time before raising interest rates.

The Federal Reserve raised interest rates slightly in December and wants to gradually bring them back closer to where they were before the financial crisis of 2008.

THE QUOTE: Overall, jobs data continue to paint the broad recovery picture in the labor market.

U.S. benchmark crude oil gained 79 cents to $45.23 a barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the benchmark for international oil prices, rose 92 cents to $47.75 a barrel.