Australian shares open higher

The Australian share market opened higher on Monday, taking leads from offshore markets following the ease of monetary policy from China.

At 1010 AEDT on Monday, the benchmark S&P/ASX200 index was up 32.0 points, or 0.60 per cent, at 5,383.6, while the broader All Ordinaries index was up 31.5 points, or 0.59 per cent, at 5,419.6.

Local investors joined in on the global sentiment after hints that central banks will ease monetary policy following remarks from the European Central Bank last week the PBoC move on Friday.

"China's cut to interest rates may stimulate activity in China and push their growth rate in an upward direction and this has really buoyed market sentiment," Phillip Capital senior client adviser Michael Heffernan said.

The tech stocks rally in the U.S. following strong earnings from Google parent Alphabet, Microsoft and Amazon has also aided the global risk sentiment boost, Heffernan said.

The Commonwealth Bank of Australia is up 0.43 percent, Westpac rose 0.7 percent, ANZ lifted 0.62 percent while the National Australia Bank gained 0.69 percent.

BHP Billiton rallied 1.1 percent while Rio Tinto lifted 1.4 percent despite key commodities dropped for the ninth straight session.

Oil Search gained 0.94 percent, Woodside strengthened 0.23 percent. However, Santos slipped 0.15 percent.

Wesfarmers is down 0.17 percent while Woolworths gained 0.4 percent.

Qantas jumped 0.78 percent while Telstra is 0.09 percent weaker. Endit