* Stocks, US dollar, crude oil slide on weak U.S. jobs data
* Recovery doubts grow on deeper-than-expected job losses
* Bonds brush off dismal payrolls, slide ahead of auctions (Updates with close of U.S. markets)
By Herbert Lash
NEW YORK, Oct 2 (Reuters) - Global stocks, crude oil and the U.S. dollar slipped on Friday after deeper-than-expected U.S. job losses ignited fears that a soft American labor market could slow the pace of economic recovery.
But a slide in U.S. stocks was partially offset by positive broker comments on companies in the tech and financial sectors and bonds fell as investors brushed aside the jobs report to take profits ahead of next week's $78 billion in debt auctions. For details, see: [ID:nN02328294] [ID:nN02327943]
The steep decline in September payrolls normally would be bullish for safe-haven U.S. Treasuries. But investors appeared to have anticipated the surprisingly bad data on Thursday, when Treasuries enjoyed their biggest rally in two months.
U.S. Treasury debt prices fell on Friday as investors took profits anead of next week's bond auctions.
Oil prices settled down more than 1 percent to below $70 a barrel and copper prices closed at two-month low as the anemic September jobs data dented the prospect for consumer demand. [ID:nNSIN305143] [ID:nL2116792]
Gold erased initial losses to settle above $1,000 an ounce on a spike and subsequent retreat in the dollar, which dropped against major currencies, as investors fretted over the disappointing payrolls report. [ID:nL2498069]
U.S. employers cut 263,000 jobs, helping to lift the U.S. unemployment rate to a 26-year high of 9.8 percent from 9.7 percent in August. Economists surveyed by Reuters had expected a drop of 180,000.
The MSCI all-country world index <.MIWD00000PUS> fell 0.9 percent, while pan-European and shares in Asia outside of Japan fell about 2 percent.
"The number is going to put a real crimp on anticipation of a strong recovery," said Joseph Trevisani, senior market analyst at FX Solutions in Saddle River, New Jersey. "The number of job losses is moving in the wrong direction."
Partially offsetting the jobs gloom were U.S. tech shares,
boosted by a UBS upgrade on Apple Inc
The Dow Jones industrial average <.DJI> closed down 21.61 points, or 0.23 percent, at 9,487.67. The Standard & Poor's 500 Index <.SPX> was down 4.64 points, or 0.45 percent, at 1,025.21. The Nasdaq Composite Index <.IXIC> was down 9.37 points, or 0.46 percent, at 2,048.11.
The benchmark 10-year U.S. Treasury note
Investors initially bought the dollar versus the euro after the release of the jobs data in a flight-to-safety bid. But dollar gains were modest and analysts suggested caution in buying the U.S. currency amid signs the recovery could stall.
The dollar was down against a basket of major currencies, with the U.S. Dollar Index <.DXY> down 0.25 percent at 77.995.
The euro
U.S. crude futures
December gold futures
European shares hit a four-week closing low, and euro zone government bond prices rose sharply after the U.S. job losses added to concerns about the strength of economic recovery. [ID:nL2298876]
December Bund futures
The FTSEurofirst 300 <.FTEU3> index of top European shares fell 1.85 percent to close at 963.56 points.
Every sector in the DJ Stoxx 600 <.STOXX> was in the red, but banks <.SX7P> were among the top losers. Banking shares have rallied more than 150 percent since March lows.
"We've all been expecting bouts of profit taking and I think that's all it is. The economy can only deliver so much at any one time. Maybe the employment expectations were a bit too rich," said Mike Lenhoff, a strategist at Brewin Dolphin.
Shares in Japan <.N225> skidded 2.5 percent with carmakers including Toyota and Nissan hurt by a slump in September U.S. car sales.
The MSCI index of Asia Pacific stocks traded outside Japan <.MIAPJ0000PUS> fell 1.6 percent. (Reporting by Rodrigo Campos, Wanfeng Zhou and Burton Friersoon in New York; David Sheppard, Brian Gorman, Pratima Desai and Maytaal Angel in London; writing by Herbert Lash; Editing by Andrew Hay)