The Australian sharemarket is expected to open lower on Friday, after rallying on Wednesday and Thursday on the back of the successful US budget deal.

At 4.56am on the ASX 24, the June share price index futures contract was down six points at 4710.

On Thursday, Australia's benchmark S&P/ASX200 index was up 34.8 points, or 0.74 per cent, at 4740.7, while the broader All Ordinaries index had risen 38.5 points, or 0.82 per cent, at 4761.4 points.

It was the S&P/ASX200's highest close since it finished the local trading day at 4756.4 points on May 19, 2011.

Local economic data out during the local session includes the Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (PSI) for December.