* World shares continue push higher
* Dollar up after U.S. jobs report
* Zinc prices highest in decade (Updates to U.S. trading open; changes byline, dateline, previously LONDON)
By Stephanie Kelly
NEW YORK, Jan 5 (Reuters) - World shares continued their strong start to 2018, with Wall Street opening up and European stocks advancing, while the U.S. dollar reversed its losses against the euro after a brief dip following the U.S. jobs report.
MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.45 percent, reaching a fresh record high on the day.
Throughout the first week of 2018, world shares have risen and several benchmarks have broken records. With the world's largest economies all growing healthily at once and central banks moving slowly to tighten policy, investors have poured money into risk assets.
U.S. stocks advanced on Friday as investors looked past weaker-than-expected U.S. job gains in December and focused on signs of a pick-up in wage growth. payrolls increased by 148,000 jobs last month, while economists had expected a rise of 190,000. Average hourly earnings rose 0.3 percent, compared to 0.1 percent in November. Dow Jones Industrial Average .DJI rose 90.05 points, or 0.36 percent, to 25,165.18, the S&P 500 .SPX gained 10.18 points, or 0.37 percent, to 2,734.17 and the Nasdaq Composite .IXIC added 44.90 points, or 0.63 percent, to 7,122.82.
"December's non-farm payrolls data does not fit the current narrative of booming U.S. growth. The initial reaction from the market is to ignore. That could be perilous," said Jacob Deppe, head of trading at online trading platform Infinox in London, in a note.
The pan-European FTSEurofirst 300 index .FTEU3 gained 0.77 percent, and emerging market stocks rose 0.65 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.7 percent higher, while Japan's Nikkei .N225 rose 0.89 percent. ROSE FOLLOWING DATA
The U.S. dollar rose on Friday, after a brief dip, after investors decided the U.S. December non-farm payrolls report would not stop the Federal Reserve from raising interest rates multiple times this year. was a little disappointing. The market doesn't care. The margin of error on this number is always big," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, referring to the U.S. jobs data.
"What we'd be concerned about is if we see a couple of prints below 100,000. Until then we're okay," he added.
The dollar index last .DXY rose 0.15 percent, with the euro EUR= down 0.27 percent to $1.2034.
The Japanese yen weakened 0.41 percent at 113.23 per dollar, while Sterling GBP= was last trading at $1.3564, up 0.10 percent on the day.
Benchmark U.S. Treasury 10-year notes US10YT=RR last fell 7/32 in price to yield 2.4763 percent, from 2.453 percent late on Thursday. 30-year bond US30YT=RR last fell 19/32 in price to yield 2.8144 percent, from 2.786 percent late on Thursday.
Oil prices fell on Friday, with U.S. production soaring. Earlier in the week, prices climbed to highs last seen in 2015, boosted by tightening supply and political tensions in OPEC member Iran. crude CLcv1 fell 1.34 percent to $61.18 per barrel and Brent LCOcv1 was last at $67.40, down 0.98 percent on the day.
In commodities, zinc hit its highest in more than a decade as concerns over market tightness continued. Three-month zinc .CMZN3 on the London Metal Exchange was last bid at $3,366. Global assets in 2018
http://tmsnrt.rs/2jvdmXl Global currencies vs. dollar
http://tmsnrt.rs/2egbfVh Emerging markets in 2018
http://tmsnrt.rs/2ihRugV
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