The Aussie market began the new trading week in positive fashion, with investors buoyed a healthy domestic earnings season and strong lead from Wall Street on Friday night.

Higher commodity prices spurred the domestic miners, with BHP climbing 1.3% and Rio Tinto putting on 2.1%.

Queensland Rail overcame a sluggish start to finish the day up 0.3%. The rail freight operator earlier reported a full year profit of $350 million.

The four banking giants strengthened more than 1% each amid easing concerns over Europe's debt problems.

The ASX 200 added 63 points (+1.5%), settling at 4263.