Australian shares are poised to rise on Monday as investors weigh expectations that the US Federal Reserve is unlikely to quickly shrink its balance sheet even under nominee Kevin Warsh, easing concerns over tighter global monetary policy.

On Feb. 6, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 2%, 2.2%, and 2.5%, respectively.

In the macroeconomy, Australia's monthly household spending indicator report is due at 11:30 am Sydney time.

In corporate news, CAR Group (ASX:CAR) reported Monday fiscal first-half adjusted earnings of AU$0.519 per share on revenue of AU$625.8 million, compared with adjusted earnings of AU$0.469 on revenue of AU$579.4 million a year earlier.

Seek (ASX:SEK) said that it will record a AU$356 million post-tax impairment on its Zhaopin investment in the fiscal first half, reducing the carrying value to AU$182 million as of December 2025 from AU$529 million as of June 2025.

Australia's benchmark index fell 2% or 180.4 points to close at 8,708.80 on Feb. 6.