GLOBAL MARKETS-Stocks rise on strong U.S. jobs report, oil surge
* Brazil stocks post biggest gain in 7 years after Lula detained
* Emerging markets have biggest weekly gain since 2011
* S&P posts third straight weekly gain
* Oil prices on pace for 10 percent increase this week
* Dollar falls on wage decline in U.S. payrolls (Updates prices, data)
By Dion Rabouin
NEW YORK, March 4 (Reuters) - A gauge of stock markets worldwide rose to a two-month high on Friday, posting its largest weekly gain since October, as oil and other commodity prices firmed and strong U.S. jobs growth bolstered confidence in the global economy.
The recovery in commodities lifted emerging markets shares, which rose 1.6 percent on the day. MSCI's emerging-market stock metric posted its largest one-week gain since December 2011.
U.S. equity indexes rose to their highest levels since early January following the jobs data, which showed strong growth in payrolls and an increase in labor-force participation, though there was a surprising decline in hourly wages. Continuación...