Thanks afternoon crew. End-of-day summary: Aussie shares...

Thanks afternoon crew.

End-of-day summary:

Aussie shares shrugged off weak leads from commodity markets as the big banks hit multi-year or all-time highs.

The ASX 200 finished 18 points or 0.22% ahead after earlier dropping as much as 50 points as miners reacted to Friday falls in iron ore and precious and base metals.

The heavily-weighted banks led the turnaround ahead of juicy dividend payments this month. Commonwealth Bank surged 1.63% to an all-time high. NAB climbed 1.26% to its strongest close since 2007. Westpac advanced 1.15% to a six-and-a-half-year high. ANZ's 0.86% rise carried it back to 2017 levels.

Helping fuel today's swing session was a positive end to last week on Wall Street as inflation and consumer spending data kept alive hopes of a soft landing for the US economy as rate cuts kick in. The S&P 500 firmed 1.01%.