Mexico stocks, peso gain ahead of Fed statement

MEXICO CITY, Nov 4 (Reuters) - Mexican stocks rose sharply on Wednesday as global equity markets gained ahead of the U.S. Federal Reserve's statement on interest rates and the economy.

The IPC stock index .MXX climbed 1.95 percent to 29,449 while the peso MXN=MEX01 firmed 0.13 percent to 13.2425 per dollar as the U.S. currency broadly weakened.

The Federal Reserve -- the U.S. central bank -- could keep in place its pledge to keep interest rates near zero for an "extended period", which could weaken the appeal of the dollar and boost riskier assets.

Shares of copper miner Grupo Mexico (GMEXICOB.MX) jumped 3.88 percent to 27.60 pesos as prospects of a weak dollar bolstered commodity prices.

Giant cement company Cemex (CMXCPO.MX) rose 5.47 percent to 14.85 pesos, helped by optimism on its industry after a strong quarterly report from its global rival Heidelberg Cement (HEIG.DE). (Reporting by Michael O'Boyle; Editing by James Dalgleish)