Australian shares are poised to rise on Monday as investors brace for a pivotal week of global trade developments, with US tariff deadlines looming and central banks set to deliver key policy signals that could shape the economic outlook for the rest of the year.

Markets are also anticipating a rate cut from the Reserve Bank of Australia, with hopes that fresh monetary easing and clearer US trade policy will provide support for global growth.

On July 3, the S&P 500 and the Dow Jones Industrial Average each closed up 0.8%, while the Nasdaq Composite jumped 1%. US markets were closed on July 4 for Independence Day.

In the macroeconomy, the ANZ-Indeed Job Ads report is due at 11:30 am Sydney time.

In corporate news, Woodside Energy Group (ASX:WDS) and Santos (ASX:STO) are in focus as the Organization of the Petroleum Exporting Countries (OPEC) and its allies move to accelerate oil production in August, signaling a potential global supply surplus that could weigh on prices and challenge producers amid steady economic conditions and shifting market dynamics, according to the OPEC+'s Saturday statement.

Star Entertainment Group (ASX:SGR) is on watch amid expectations of a sale of the Queen's Wharf, while employees at its Brisbane casino who are members of the United Workers Union held a protected industrial action on July 4 over proposed pay cuts and weekend penalty rate reductions amid the cost-of-living crisis.

Australia's benchmark index rose 0.1% or 7.2 points, to close at 8,603 on July 4.