)
Stocks fell and the dollar held firm on Monday in the wake of forecast-beating US jobs numbers that stoked expectations the Federal Reserve could raise interest rates sooner than previously thought.
In Europe, most euro zone government bond yields fell on the first day of the European Central Bank's 1 trillion euro bond-buying programme.
European stocks opened lower, following falls in Asia and a drop on Wall Street on Friday after the US jobs data.
The US economy added 295,000 new jobs in February -- more than forecast -- and the unemployment rate fell to a more than 6 1/2-year low of 5.5% from 5.7% in January.
This raised expectations the Fed would at its March meeting drop a reference to "patience" on the timing of a rate hike, opening the door for a rate rise in June.
The pan-European FTSEurofirst 300 index was last down 0.8%, also hit by a 2.1% drop in German exports in January, the biggest fall in five months.
Tokyo's Nikkei stocks index closed 1% lower while MSCI's main index of Asia-Pacific shares outside Japan fell 1.2%.
On Friday the S&P 500 index fell 1.4% and posted its second consecutive weekly loss.
The dollar dipped 0.2% against a basket of currencies, having hit a fresh 11 1/2-year high in Asian trade after the US jobs data lifted Treasury bond yields on Friday.
"The dollar has travelled a long way in a pretty short time. US yields have risen but they need another catalyst to move further higher. So until then, we could see some consolidation," said Jeremy Stretch, head of currency strategy at CIBC World Markets in London.
The euro hit its lowest against the US currency since September 2003 at $1.0822 before edging up to $1.0885. The euro has been pressured by the divergent monetary policies of the Fed and the ECB.
The dollar was flat at 120.85 yen, having hit a three-month high of 121.29.
German 10-year government bond yields, the euro zone benchmark, fell 5.6 basis points to 0.35% in anticipation of ECB buying.
Greek yields, however, rose slightly before a meeting of euro zone finance ministers later in the day on reforms proposed by Greece, which is seeking more funds from its international creditors. Eurogroup leader and Dutch Finance Minister Jeroen Dijsselbloem said on Sunday the list was "far from complete".
GOLD, OIL
Brent crude oil fell to $59.60 a barrel as the impact of the strong dollar outweighed the threat of output cuts in Libya and Iraq, while gold edged higher to $1,172.60 an ounce, still close to a three-month low.
"The US dollar is continuing to strengthen. In the short-term it's more about the dollar than anything else," said Ben LeBrun, market analyst at Sydney's OptionsXpress.
