Australian shares look set for a quiet end to the week after world health officials eased fears of a sharp rise in coronavirus cases.

The SPI200 futures contract was flat at 0 points, or 0.00 per cent, at 7029 at 0800 AEDT on Friday.

Global markets dipped on Thursday after a sharp rise in the number of Covid-19 coronavirus cases at the epicentre of the outbreak in China.

But fears were eased after the World Health Organisation said the surge was due to new reporting and officials were not seeing dramatic increases in the spread outside China.

The Australian market ended marginally higher after a record-setting day while European and Asian stocks fell.

US markets were little changed, ending slightly higher to provide a positive lead for the local market on Friday.

Baby Bunting is due to release its results on Friday.

The dollar was trading at 67.20 US cents at 0800 AEDT on Friday, up from 67.16 US cents as the market closed on Thursday.