The Australian share market looks set for a subdued open after a mixed night of trading on Wall St and falls in oil and copper prices.

The SPI200 futures contract was down five points, or 0.08 per cent, at 6,364 at 0800 AEST on Friday, suggesting a flat open for the benchmark S&P/ASX200.

In the US, the S&P500 closed flat as weakness in industrials offset gains in Facebook and Microsoft, the tech-heavy Nasdaq gained 0.21 per cent, and the Dow Jones Industrial Average closed down 0.51 per cent.

The absence of a strong lead could put a pause on the recent bullishness on the local bourse, which was closed for Thursday’s public holiday after hitting an 11-year high on Wednesday.

Energy and materials stocks could also take a knock from overnight falls in commodity prices.

Oil prices eased after Brent touched $US75 a barrel for the first time in nearly six months, while copper fell on worries over the global economic outlook and the US dollar hitting its strongest in almost two years.

The Australian dollar has continued to slide against the greenback and was worth 70.15 US cents, from 70.16 on Thursday.