The Australian share market is poised to open flat after Wall Street took a breather from its recent run of gains.
At 0702 AEDT on Friday, the local share price futures index was down two points, or 0.03 per cent, at 5,766.
In the US, Wall Street stock indexes fell as earnings season kicked off with a whimper.
Banks and media companies were the biggest drags on the S&P 500 as AT&T fuelled concerns about video subscribers and investors took fright at comments from JPMorgan and Citigroup's earnings calls.
The Dow Jones Industrial Average fell 31.88 points, or 0.14 per cent, to end at 22,841.01, the S&P 500 lost 4.31 points, or 0.17 per cent, to 2,550.93 and the Nasdaq Composite dropped 12.04 points, or 0.18 per cent, to 6,591.51.
The Australian share market overcame early falls on Thursday to close higher, as Bank of Queensland's profit growth boosted the financial sector and energy producers were boosted by forecasts of stronger oil demand.
The benchmark S&P/ASX200 index rose 0.39 per cent to 5,794.5 points, its highest level since June 29.
In local news on Friday, the Reserve Bank of Australia is due to publish its latest Financial Stability Review, which should offer its perspective on home loan borrowing and offer clues about the next move in the cash rate.
The Australian dollar was flat against its US counterpart on Friday morning, as the greenback drifted after the Federal Reserve showed a more guarded view towards inflation.
The local unit was worth 78.22 US cents, up just slightly from 78.21 US cents on Thursday.
The Aussie dollar was also marginally higher against the Japanese yen and the euro.
Friday is also the deadline for Ten shareholders to challenge in the NSW Supreme Court a takeover by CBS.
CURRENCY SNAPSHOT AT 0702 AEDT ON THURSDAY
One Australian dollar buys:
* 78.22 US cents, from 78.21 US cents on Thursday
* 87.81 Japanese yen, from 87.81 yen
* 66.10 euro cents, from 65.84 euro cents
* 58.98 British pence, from 58.98 pence
* 109.70 NZ cents, from 109.93 NZ cents
The spot price of gold in Sydney at 0702 AEDT was $US1293.22 per fine ounce, from $US1296.18 per fine ounce on Thursday.
BOND SNAPSHOT AT 0702 AEDT:
* CGS 4.50 per cent April 2020, 2.0095pct, unchanged from Thursday
* CGS 4.75pct April 2027, 2.7528pct, unchanged
SYDNEY FUTURES EXCHANGE PRICES:
* December 2017 10-year bond futures contract was at 97.195 (implying a yield of 2.805pct) from 97.170 (2.830pct) on Thursday
* December 2017 3-year bond futures contract was at 97.85 (2.15pct), unchanged.
(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)