Australian shares are expected to open flat despite gains on Wall Street at the end of last week.

The SPI200 futures contract was down 2 points, or 0.03 per cent, at 6,366.0 at 0700 AEST, suggesting a little-changed start for the benchmark S&P/ASX200 on Monday.

On Wall Street on Friday, the Dow Jones Industrial Average finished up 0.31 per cent, the S&P 500 was up 0.47 per cent and the tech-heavy Nasdaq Composite was up 0.34 per cent.

The Aussie dollar is buying 70.40 US cents from 70.25 US cents on Friday.