Oct 26 (Reuters) - Australian shares are placed to open up over 1 percent, recovering sharply from previous session's lows, with energy stocks poised to do well.
U.S. stocks rebounded overnight after the massive sell-off, with strong earnings encouraging investors to venture into risky bets again. MKTS/GLOB
The local share price index futures YAPcm1 rose 1.3 percent, a 36.9-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 2.8 percent down on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.8 percent in early trade.