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The Australian market looks set to open lower, with Wall Street more than 30 points down.

US stocks mostly fell on Wednesday amid renewed anxiety over the eurozone as Cyprus moves to implement the EU-IMF rescue plan.

At the closing bell, the Dow Jones Industrial Average dropped 33.49 points (0.23 per cent) to 14,526.16. The broad-based S&P 500 declined 0.89 (0.06 per cent), while the tech-rich Nasdaq Composite Index eked out a gain of 4.04 (0.12 per cent) to 3,256.52.

Locally, At 0633 AEDT on Thursday, the June share price index futures contract was nine points lower at 4,995.

In economics news on Thursday, data scheduled for release include TD Securities/Melbourne Institute inflation gauge for March and Australian Bureau of Statistics job vacancies for the three months to February.

The Reserve Bank of Australia is due to release its financial aggregates for February.

In equities news, surfwear retailer Billabong will reach its deadline to decide on two takeover bids.

In Australia, the market on Wednesday closed almost one per cent higher as investors took their cues from positive news in the US.

At the close on Wednesday, the benchmark S&P/ASX200 index was up 44.8 points at 4,995.0 points.

The broader All Ordinaries index was up 42.3 points at 5,007.0.