At 0700 AEST on Thursday, the share price futures index was down one point at 5,897.
In the US, the Dow Jones Industrial Average fell 0.10 per cent, while the S&P500 lost 0.05 per cent and the Nasdaq was steady.
Locally, in major economic news on Thursday, Reserve Bank of Australia governor Philip Lowe speaks at the Renminbi Global Cities Dialogue dinner in Sydney where global Renminbi (RMB) trading hubs experts will discuss key issues in the internationalisation of the Chinese currency.
The Australian Bureau of Statistics releases the International trade price indexes for the March quarter.
In equities news, Ten Network is expected to post its half-year results, Coles owner Wesfarmers is slated to release third quarter sales figures and Newcrest Mining is earmarked to release its quarterly production report.
The Australian market on Wednesday closed higher for a fourth straight session, while the Australian dollar has fallen due to weaker-than-expected inflation numbers.
The benchmark S&P/ASX200 index rose 40.2 points, or 0.68 per cent, to 5,912 points.
The broader All Ordinaries index gained 36.1 points, or 0.61 per cent, to 5,936.8 points.
Meanwhile, the Australian dollar is lower against the US dollar as traders shy away from commodity currencies following reports that the United States may withdraw from the North American Free Trade Agreement.
The local currency was trading at 74.74 US cents at 0700 AEST on Thursday, from 74.95 on Wednesday.
CURRENCY SNAPSHOT AT 0700 AEST
One Australian dollar buys:
* 74.74 US cents, from 74.95 on Wednesday
* 83.02 Japanese yen, from 83.53 yen
* 68.55 euro cents, from 68.61 cents
* 58.18 British pence, from 58.46 pence
* 108.48 New Zealand cents, from 108.63 NZ cents
BOND SNAPSHOT AT 0700 AEST
* CGS 5.25 per cent March 2019, 1.686pct, from 1.692pct
* CGS 4.25pct April 2026, 2.5644pct, from 2.5694pct
Sydney Futures Exchange prices:
* June 2017 10-year bond futures contract at 97.380 (implying a yield of 2.620pct), from 97.340 (2.660pct) on Wednesday
* June 2017 3-year bond futures contract at 98.160 (1.840pct), from 98.120 (1.880pct) (*Currency closes taken at 1700 AEST previous local session, bond market closes taken at 1630 AEST previous local session)