SYDNEY, May 25 (Reuters) - Australian shares are set to open up more than 1 percent on Wednesday, rebounding from a two-week low touched in the previous session, as rising Wall Street indexes underpinned gains.
The local share price index futures YAPcm1 rose 1.4 percent to 5,371.0, an 75.5-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.44 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.135 percent in early trade.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For a summary of overnight action across global markets, click on
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PRESS/AUB
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