The Australian stock market looks set to open flat despite a rise on Wall Street overnight.

The SPI200 futures contract was down 1 point, or 0.01 per cent, at 6,963 on Thursday.

The benchmark S&P/ASX200 index finished Wednesday up 37 points, or 0.53 per cent, while the All Ordinaries lifted 37.5 points, or 0.53 per cent, to 7,135.9 as most sectors rose.

US equities were slightly higher on Wednesday amid a mix of solid company earnings and coronavirus news.

The Australian dollar was buying 67.58 US cents, down from 67.70 US cents at the market closed on Wednesday.