Australian shares jumped on Monday, in line with global peers, as the Bank of Japan (BOJ) kicked off a week packed with major central bank meetings with a fresh round of stimulus to arrest the coronavirus outbreak's economic impact.

Australian shares settled 2.4% higher on Thursday, driven by gains in energy and financial stocks, and posted their first monthly gain in three.

Stocks rose across the globe on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.

Australian shares rose on Wednesday, tracking Asian peers, after coronavirus-induced restrictions slowly eased around the world and as strong domestic inflation data supported sentiment.

Stock markets across the globe eked out gains on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of investor jitters.

World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.