NEW YORK, Rajab 19, 1436, May 8, 2015, SPA -- An April rebound in U.S. jobs growth boosted Wall Street and supported the dollar on Friday, while a surprise Conservative victory cast away fears of a hung British Parliament and sparked a rally in sterling and European stock markets, Reuters reported. Global bond markets recovered for a second day, focusing on weak aspects of the latest U.S. jobs report, which may cause the Federal Reserve to be even more cautious toward ending its near- zero interest rate policy later this year. Oil prices posted their first weekly loss in a month. They gave up earlier gains tied to data showing a strong rise Chinese crude imports. Gold edged higher following two days of losses as lower bond yields revived some appeal of holding the precious metal. The yield on 10-year U.S. Treasuries was down to 2.150 percent from a 5-1/2 month peak of 2.312 percent early Thursday. The German 10-year Bund yield ended at 0.546 percent, well below the near 0.80 percent level seen on Thursday. Wall Street posted a solid bounce with the Standard & Poor's notching its best daily gain in seven weeks. The Dow Jones industrial average closed up 264.98 points, or 1.48 percent, to 18,189.04, the S&P 500 ended up 27.91 points, or 1.34 percent, to 2,115.91 and the Nasdaq Composite finished 58.00 points, or 1.17 percent, higher to 5,003.55. European bourses rallied after the U.K.'s Conservative Party was set to govern Britain for another five years, erasing worries of a hung parliament. The FTSEurofirst 300 index of top pan-European shares closed up 2.8 percent at 1,590 with Britain's FTSE 100 up 2.3 percent for its second biggest daily gain in 2015. Earlier, Tokyo's Nikkei closed up 0.45 percent. The MSCI world equity index, which tracks shares in 45 nations, rose 1.35 percent, to 439.13, ending the week with a 0.3 percent gain. In the currency market, the pound reached a 10-week high against the dollar following the surprise Conservatives win. It was last up 1.4 percent at $1.5457. The greenback fared better against other major currencies. The dollar index rose 0.16 percent to 94.784 following the U.S. jobs data and disappointing German trade and industrial output figures. Brent crude settled down 15 cents, or 0.23 percent, at $65.39 a barrel. U.S. crude settled up 45 cents, or 0.76 percent, at $59.39 per barrel. Spot gold prices rose $3.44 or 0.29 percent, to $1,187.74 an ounce, bringing its weekly gain to 0.8 percent. -- SPA 23:58 LOCAL TIME 20:58 GMT www.spa.gov.sa/w