Mexican peso, stocks firm on Chinese export report

MEXICO CITY, June 9 (Reuters) - Mexico's peso firmed on Wednesday, helped by rising risk appetite after an unofficial report said Chinese exports surged in May, easing concerns that a global economic recovery may be flagging.

The peso MXN= MEX01 firmed 0.39 percent to 12.815 per U.S. dollar, while the IPC stock index .MXX rose 0.73 percent to 31,286 in opening trade.

Global stock markets rose and emerging market currencies gained after Reuters reported Chinese exports jumped about 50 percent in May from a year earlier, citing sources on the report a day before its official release. For details, see [ID:nTOE65805R]

"Markets in general are positive with the data from China, today seems like a different world," said a currency trader in Mexico City.

Mexico's peso has lost more than 5 percent since late April on concerns that debt troubles in Europe could weigh down the global economic recovery.

Mexico will report May inflation data at 9 a.m. (1400 GMT) and analysts expecting a sharp drop of 0.58 percent in headline consumer prices. [ID:nN08269023]

The yield on the government's benchmark 10-year peso bond MX10YT=RR bid down 5 basis points to 6.95 percent.

In stock trading, shares in Grupo Mexico (GMEXICOB.MX) rose 1.63 percent to 29.85 pesos while retailer Wal-Mart de Mexico (WALMEXV.MX) added 0.92 percent to 28.40 pesos. (Reporting by Michael O'Boylem Editing by W Simon )