Australian shares are poised to fall on Monday, as oil prices slipped after the US held off on imposing further sanctions on Russian crude exports following a summit between Presidents Trump and Putin, dampening risk sentiment in early Asian trade.

Last Friday, the S&P 500 and the Nasdaq Composite fell 0.3% and 0.4%, respectively, while the Dow Jones Industrial Average gained 0.1%.

In the macroeconomy, global growth and policy cycles are becoming increasingly unsynchronized as tariff tensions, inflation dynamics, and divergent central bank strategies shape a more complex economic landscape, Westpac Banking (ASX:WBC, NZE:WBC) said in its August market outlook released Aug. 15.

In corporate news, National Australia Bank (ASX:NAB) on Monday reported unaudited fiscal third-quarter cash earnings of AU$1.77 billion, slightly up from AU$1.75 billion a year earlier, as net interest income rose 6% to AU$4.4 billion, while statutory net profit declined to AU$1.66 billion and its level 2 common equity tier 1 capital ratio fell to 12.1% from 12.6%.

Ampol (ASX:ALD) reported Monday a first-half non-IFRS replacement cost operating profit of AU$0.749 per share on revenue of AU$15.3 billion, compared with a non-IFRS replacement cost operating profit of AU$0.977 on revenue of AU$18.24 billion a year earlier.

Australia's benchmark index rose 0.7% or 64.8 points to close at 8,938.60 on Aug. 15.