Australian shares are poised to fall on Monday as year-end trading slows, after US stocks showed little movement and Asian futures pointed lower despite record-setting rallies in global equities and precious metals.
On Dec. 26, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.03%, 0.1%, and 0.04%, respectively.
In the macroeconomy, the final S&P Global Manufacturing Purchasing Managers' Index report is scheduled for release on Friday.
In corporate news, Newmont (ASX:NEM), Northern Star Resources (ASX:NST), and Evolution Mining (ASX:EVN) are in focus as bullion hits record highs due to safe-haven demand.
Andean Silver (ASX:ASL) and Sun Silver (ASX:SS1) are also drawing attention as silver prices surge to record levels amid a market deficit.
Australia's benchmark index fell 0.4% or 33 points to close at 8,762.70 on Dec. 24.