* Investors bracing for U.S. jobs data due 1330 GMT
* Euro steadies, Greek debt concerns still weigh
* Dollar broadly steady on caution before payrolls report
By Emelia Sithole-Matarise
LONDON, March 5 (Reuters) - World stocks pushed higher on
Friday after better-than-forecast U.S. retail sales suggested
the world's biggest economy was stabilising while the dollar
held broadly steady ahead of U.S. jobs data.
The gains in world stocks undermined bids for lower risk
U.S. Treasuries and euro zone government bonds but the dollar
held steady with some in the market speculating that forecasts
on the scale of job losses may have been too pessimistic.
Non-farm payrolls, due at 1330 GMT, is expected to show a
loss of 50,000 jobs in February, compared with 20,000 job cuts
in January, a Reuters poll shows.
"The overwhelming focus of the day ahead lies with the US
payrolls report. Weather-related distortions could make this
even more unpredictable than usual," said Nomura analyst Sean
Maloney.
TheMSCI world equity index <.MIWD00000PUS> rose 0.3 percent
while the FTSEurofirst 300 index <.FTEU3> added almost half a
percent, on course for a sixth straight day of gains.
The euro edged up 0.1 percent against the dollar to $1.3595
<EUR=>, steadying after dropping to $1.3549 on Thursday as
European Central Bank President Jean-Claude Trichet said a
recovery in the euro zone would be uneven.
The dollar was stable versus a basket of currencies at
80.510 <.DXY>, ahead of the U.S. employment report but it rose
against the yen after a report suggesting the Bank of Japan was
considering further easing measures [ID:nTOE6230A7]
"The non-farm payrolls data is in focus, and we expect a
number roughly in line with consensus will not be a big market
event and shouldn't prompt large moves in currencies," said Carl
Hammer, a currency strategist at SEB.
"The BoJ comments should weigh on the yen and we're looking
for dollar/yen to target 90.30 yen in the next couple of days".
GREEK CONCERNS
The euro remained on the defensive as a short squeeze in the
single currency appeared to have run its course, with investors
fretting about debt-laden Greece and Moody's cutting Deutsche
Bank's ratings. [ID:nN04142093]
Euro zone government bonds were little changed, with
higher-yielding debt spreads over benchmark German Bunds holding
steady after Greek successfully sold five billion euros worth of
10-year bonds on Thursday. But investors remained wary of a
Greek sell off that could also spread to other issuers.
Ahead of a meeting between the two countries' leaders,
Germany's economy minister said Berlin would not give Athens
"even one cent" in financial aid. [ID:nBAT005190]
Spot gold <XAU=> traded at $1,134.05 an ounce, up from New
York's close. Volume was thin ahead of the U.S. payrolls data
with key resistance seen at a January high of around $1,150.
Crude <CLc1> edged higher, capping two consecutive weeks of
trading above $80, after China signalled it would maintain its
economic stimulus, rekindling hopes for accelerating growth to
drain excess oil supplies. [ID:nTOE6230AE]
(Additional reporting by Ian Chua and Jessica Mortimer;
editing by Patrick Graham)