The Australian share market is expected to open flat.

The SPI200 futures contract was down 2 points, or 0.03 per cent, at 6,461.0 at 0800 AEST, suggesting a subdued start for the benchmark S&P/ASX200 on Tuesday.

Financial markets were closed overnight in the UK and US for a bank holiday and for Memorial Day respectively.

The Aussie dollar is buying 69.18 US cents from 68.33 US cents on Monday.