The Australian market looks set to open flat with Wall Street closed and after European stocks mainly fell following the G20 meeting that spared Japan an accusation of unfairly devaluing its currency.

At 3.39am, the March share price index futures contract was down four points at 5038.

US markets were closed for the President's Day public holiday.

In economic news, the Reserve Bank of Australia releases the minutes of its February board meeting and the Australian Bureau of Statistics releases January's international merchandise imports figures.

In equities news, Southern Cross Media, Arrium, Asciano, Monadelphous Group and Sonic Healthcare are expected to post first half results, while Coca-Cola Amatil and Invocare are due to announce full year results.

Yesterday the market closed higher at fresh four-year highs, led by the major banks.

The benchmark S&P/ASX200 index lifted 29.5 points, or 0.59 per cent, to 5063.4 points, while the broader All Ordinaries index added 28.3 points, or 0.56 per cent, to 5082.9 points.