ADR Report-Foreign shares boosted by commodities rise

NEW YORK, Nov 16 (Reuters) - Overseas shares traded in the United States rose on Monday, bolstered by resource companies that benefited from a broad rally in commodity prices as the U.S. dollar fell.

The price of oil CLc1 gained nearly 4 percent over $79 a barrel as better-than-expected U.S. consumer spending data boosted prices. Among the gainers, New York-traded shares of Royal Dutch Shell Plc (RDSb.N) rose 2.1 percent to $61.81 and Total S.A. (TOT.N) was up 2.2 percent at $64.18.

Commodities were also helped by the weak greenback, including gold which hit a record high above $1,140 an ounce. The Reuters-Jefferies CRB .CRB, a commodities bellwether that tracks 19 futures markets, gained 2.9 percent. Gold producer Barrick Gold (ABX.N) put on 3.2 percent to $44.27.

The sagging U.S. dollar also provided a lift for ADRs as a weaker dollar improves demand for foreign shares priced in the U.S. currency.

In equities news, Hitachi Ltd (HIT.N), Japan's largest electronics group by sales, is raising up to $4.6 billion to cut debt as it tries to turn around its sprawling businesses and invest in new drivers of growth. Hitachi's shares tumbled 6.4 percent to $30.56. For details, see [ID:nT155947]

A share issue is also in the works for Mitsubishi UFJ Financial Group (MTU.N), according to sources. MUFG's shares were up 3.5 percent to $5.37, recovering somewhat from a steep drop of 7.8 percent on Friday. [ID:nT333951]

Canon (CAJ.N) gained 1 percent to $38.35 after it said it plans to buy Dutch copier and printer maker Oce (OCEN.AS) in a challenge to rivals Ricoh (7752.T) and Xerox (XRX.N). [ID:nLG315826]

The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) .BKADR gained 2.2 percent as U.S. stocks climbed to 13-month highs on gains in commodity-related companies.

The Bank of New York Mellon index of leading Asian ADRs .BKAS rose 2 percent. Shares in Hong Kong and China advanced as U.S. President Barack Obama's visit fueled expectations of yuan appreciation.

The Bank of New York Mellon index of leading European ADRs .BKEUR was up 2.2 percent. In Europe, the FTSEurofirst 300 .FTEU3 index of top shares was also buoyed by commodity stocks, propelling it to its fourth day of gains.

Receipts with the Bank of New York Mellon index of leading Latin American ADRs .BKLA climbed 2.5 percent.

(Reporting by Leah Schnurr; Editing by Andrew Hay)