* World stocks rise on global recovery optimism
* U.S. stocks mixed ahead of start of earnings reports
* US dollar down on rise of risk appetite
(Updates with U.S. closing prices)
By Manuela Badawy
NEW YORK, Jan 11 (Reuters) - World stocks rose on Monday
hitting 15-month highs on stronger-than-expected Chinese trade
data, reviving bets on global economic recovery, while the U.S.
dollar fell broadly as risk appetite increased.
U.S. stocks zig-zagged as investors took a breather after a
week of gains that pushed the S&P 500 to close at fresh
15-month highs, while nervous investors braced for the start of
the quarterly earnings reporting season.
The U.S. dollar fell following Friday's weak U.S. jobs data
and comments from a Federal Reserve official that interest
rates in the United States are likely to stay low for quite
some time.
Global equities measured by the MSCI All-Country World
Index <.MIWD00000PUS> rose 0.72 percent after rising to the
highest since late September of 2008. Emerging stocks hit
17-month highs rising 1.09 percent, following a 74 percent
rally last year.
"We have got a lot of data coming out over the next few
weeks and the fourth-quarter earnings season in the United
States is about to start, so there is every reason for
investors to stay on the sidelines." said Jim Wood Smith, head
of research at Williams de Broe in London.
Growth in China's exports and imports last month pushed
commodities higher with gold <XAU=> rising 1.4 percent to a
5-week high, copper <HGH0>jumping 1.5 percent and aluminum
<MAL3=LX> advancing 2.45 percent.
Exports rose 17.7 percent from a year earlier, dwarfing the
4.0 percent rise forecast by economists and breaking a 13-month
streak of year-on-year declines. Imports surged 55.9 percent,
much more than the 31.0 percent increase markets had expected.
Crude oil prices <CLc1> slipped to $82.22 a barrel on
forecasts for warmer U.S. weather ahead from last few weeks'
freeze, after an earlier high near $84 a barrel.
DOLLAR & BONDS
A surge in Chinese exports increased optimism the global
economy is recovering and boosted risk appetite, pushing
investors to drop safe-haven dollars.
The dollar index <.DXY> fell 0.61 percent at 77.001. The
euro <EUR=> rose 0.44 percent at $1.4519 having hit its highest
level in more than three weeks at $1.4557. Against the Japanese
yen, the dollar <JPY=> fell 0.57 percent at 92.08 from a
previous session close of 92.610.
The U.S. currency also continued to be pressured after data
on Friday showed U.S. employers cut 85,000 jobs last month,
disappointing many in the market who had expected the U.S.
economy to stop losing jobs. [].
"The combination of the weak jobs report last week and the
realization that the Fed is going to keep rates low for a long
time has put a stop to the recent dollar rally," said Vassili
Serebriakov, a currency strategist, at Wells Fargo Bank.
Meanwhile, U.S. Treasuries traded mostly higher, as
investors nibbled at low-risk assets due to weaker stock prices
and solid demand at a $10 billion auction of government
inflation-protected bonds.
Benchmark 10-year Treasuries <US10YT=RR> were up 2/32 for a
yield of 3.83 percent, down 1 basis point from late Thursday.
The pan-European FTSEurofirst 300 <> index of top
shares closed down 0.1 percent at 1,063.82 points, after
touching a new 15-month high of 1,074.50.
Japanese markets were closed for the Coming of Age Day.
