U.S. stocks climbed Monday, boosted by earnings from Citigroup and a measure of home builder confidence that topped expectations. The Dow Jones Industrial Average rose 71 points, or 0.6%, to 11134.

The Nasdaq Composite edged up 0.2% to 2474 while the Standard & Poor's 500-stock index advanced 0.5% to 1182. The gains were led by the financial sector, which was boosted by a 6% jump in Citigroup.

The bank's third quarter earnings topped analysts' estimates as the amount Citigroup set aside for credit losses fell.

Among other bank stocks, Wells Fargo added 4.7%, KeyCorp advanced 3.4%, Fifth Third Bancorp climbed 3.4% and PNC Financial Services gained 3%.

The four banks are set to report their quarterly results later this week. Citigroup's report set a positive tone for a busy week of earnings reports.

This week, 11 of the 30 Dow Jones Industrial Average components and more than a fifth of S&P 500 companies are due to report third-quarter results.

Also lifting sentiment, the National Association of Home Builders said its housing market index rose three points to 16 in October, the first improvement in the index in five months.

The index measures builder confidence for sales prospects of new, single family homes. The NAHB report boosted expectations for data on housing starts and building permits due Tuesday.

European market

European stocks ended higher Monday, with banks helping the gains after Royal Bank of Canada made an offer for BlueBay Asset Management, offsetting a weaker tone in the mining sector.

The Europe Stoxx 600 index rose 0.3% to close at 266.64. Shares of BlueBay Asset Management rose nearly 30% after it agreed to be bought by Royal Bank of Canada.

Stronger than expected earnings from U.S. banking giant Citigroup aided the tone, strategists said.

Lloyds Banking Group rose 2.9% after Goldman Sachs reportedly boosted its price target for the bank to 109 pence from 106 pence.

Shares of Dutch conglomerate Philips dropped 4.2% after it gave a cautious outlook on revenues for the fourth quarter. The decline came even as the firm's third quarter net profit beat forecasts.

The U.K.'s FTSE 100 index rose 0.7% to end at 5,742.52, as the benchmark overcame persistent pressure from the mining sector.

Shares of Rio Tinto PLC fell 1.5% and BHP Billiton Ltd. lost 0.6%.

The mining giants called off their proposed joint venture in Western Australia, citing strong regulatory opposition. The main German DAX 30 index rose 0.4% to close at 6,516.63. France's CAC-40 index ended 0.2% higher at 3,834.50.

Asian market

Asian stocks indexes ended mostly lower Monday, as resources plays around the region took a hit from a recovery in the U.S. dollar and softer prices for commodities and Korean shares lost ground on disappointment over recent earnings reports. Japan's Nikkei Stock Average finished flat,

South Korea's Kospi Composite slid 1.4%, China's Shanghai Composite Index shed 0.5% and Hong Kong's Hang Seng Index fell 1.2%. Jiangxi Copper's Hong Kong listed shares dropped 5.7% and its Shanghai listed shares shed 5.9%, while Zijin Mining Group's Hong Kong shares lost 4.7% and its Shanghai ones fell 7.8%.

In Korea, Hyundai Steel shed 1.3% and Japan's Sumitomo Metal Mining lost 2.6%. Technology shares weighed on South Korea's market, with Samsung Electronics falling 0.4%, LG Display shedding 0.9% and Hynix losing 3.0%.

Base metals

Base metals on the London Metal Exchange were largely higher in European trading as the dollar continued to weaken against most currencies and bullish equity markets provided some support, market participants said.

Nickel and tin were the only exceptions, settling broadly lower compared with Friday. Participants, however, cautioned that the rise in benchmark copper prices for delivery in three months could ebb if customers in emerging markets such as China, the world's largest copper consumer, begin to view the metal as expensive.

Crude futures rose Monday, topping $83 a barrel on improving hopes for the broader economy and worries about the effects of prolonged strikes in France.

Light, sweet crude for November delivery settled $1.83, or 2.3%, higher at $83.08 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange

settled $1.92 higher at $84.37 a barrel.

Oil prices rebounded from levels of technical support around $80.30, aided by gains in equities markets and data that showed U.S. home-builder confidence rose in October for the first time in five months.

Meanwhile, strikes in France related to the government's plans to raise the retirement age have disrupted or halted production at the country's 12 refineries.

A stronger dollar forced the gold rally to pause, with Comex gold futures closing flat on the day as traders await details of the Federal Reserve's monetary stimulus program.

The most actively traded contract, for December delivery, settled up 0.01%, or 10 cents, at $1,372.10 a troy ounce on the Comex division of the New York Mercantile Exchange.

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