The Australian market looks set to open flat after disappointing earnings from

Citigroup and Best Buy’s poor holiday sales pulled Wall Street back from its previous day’s solid gains.

At 0645 AEDT on Friday, the March share price index futures contract was down one point at 5,270.

No major economic or equities news is expected on Friday.

In Australia, the market on Thursday rallied as a sharp drop in the local currency helped give the mining giants a boost.

The benchmark S&P/ASX200 index was up 63.7 points, or 1.21 per cent, at 5,309.1.

The broader All Ordinaries index was up 63.9 points, or 1.22 per cent, at 5,319.4.