The Australian market looks set to open flat after Wall Street closed mostly higher following a surprisingly weak US jobs report.

At 0645 AEDT on Monday, the March share price index futures contract was down four points at 5,286.

The monthly US Labor Department report said the world’s biggest economy added just 74,000 jobs in December, well below the 197,000 expected by analysts.

Treasury yields fell, suggesting the market thought the jobs report meant the US Federal Reserve will avoid aggressively scaling back its stimulus measures.

Locally, in economic news on Monday, the Australian Bureau of Statistics releases November housing finance data and overseas arrivals and departures figures for the three months to November.

The ANZ job advertisements series for December is due to be released.

No major equities news is expected.

In Australia, the market on Friday closed lower as investors, ahead of the US jobs figures, worried the US Federal Reserve may accelerate its tapering program.

The benchmark S&P/ASX200 index was was down 12 points, or 0.23 per cent, at 5,312.4.

The broader All Ordinaries index was down 11.2 points, or 0.21 per cent, at 5,316.3.