The dollar weakened, pushing stocks and emerging markets higher, after jobs data cooled speculation that the Federal Reserve will raise interest rates this month. Oil surged, then pared gains as Saudi Arabia’s energy minister released details of talks with Russia. The U.S. currency fell against all but two of 31 major peers, with South Korea’s won and South Africa’s rand among the biggest climbers. The Stoxx Europe 600 Index climbed to an eight-month high and the MSCI Asia Pacific Index jumped by the most in eight weeks. The pound rallied after a gauge of U.K. services jumped the most on record. Financial markets in Canada, India and the U.S. are shut on Monday for holidays.

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