Commods push European stocks to 13-mth closing high

* FTSEurofirst 300 index closes up 1.5 pct

* Commods gain tracking metal, crude prices

* Daimler up on stake talk

By Joanne Frearson

LONDON, Nov 16 (Reuters) - European shares advanced for a fourth consecutive session to hit a 13-month closing high on Monday, boosted by commodity stocks, which tracked stronger crude and metal prices.

The pan-European FTSEurofirst 300 .FTEU3 index of top shares closed up 1.5 percent at 1,034.45 points -- a level above last month's high of 1,031 points, which is roughly the 38.2 percent retracement of its slide from mid-2007.

That was a bullish technical signal, implying a further rise to the 50 percent retracement at 1,140 points. The slope of the uptrend line from the March 2009 low suggests the new target will be hit in about two months.

Macroeconomic data painted a mixed picture. U.S. retail sales grew more than expected in October, but the previous month's figures were revised sharply downward.

The New York Federal Reserve said in a report that the manufacturing in New York State fell in November.

"The market is up quite strong, with mining and commodity stocks leading the march. The market keeps shrugging off negative figures, and as long as it does so it is likely to move higher," said Manoj Ladwa, senior trader at ETX Capital.

Miners featured among the biggest movers as a slide in the dollar boosted metal prices. Lonmin (LMI.L) was up 9.3 percent after it said it planned to boost output by a fifth by 2013 as prices climb on shortages. [ID:nLC466308]

Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Eurasian Natural Resources Corporation (ENRC.L), Rio Tinto (RIO.L) and Xstrata (XTA.L) gained 2.6 to 7.8 percent.

CRUDE SURGES

Energy stocks were in demand as crude prices CLc1 rose 3.5 percent. BG Group (BG.L), BP (BP.L), Royal Dutch Shell (RDSa.L) and Total (TOTF.PA) were up 1.2 to 2.4 percent.