May 14 (Reuters) - Australian shares are set to open higher on Friday after falling for three straight sessions, tracking a rebound on Wall Street as investors snapped up technology stocks while worries about rising inflation eased.
The local share price index futures YAPcm1 rose 0.7%, a 37.3-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed lower on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.4% to 12,478.68 in early trade.