(Reuters) - Australian shares are seen opening higher on Monday, tracking a recovery on Wall Street as worries over a possible quickening of interest rate hikes dissipated.
The local share price index futures <YAPcm1> rose 0.5 percent or 31 points to 6,004, a 4.2-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark rose 0.8 percent on Friday.
New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose 0.4 percent in early trade, and was headed for its fourth straight session of gains.
(Reporting by Chris Thomas in Bengaluru, editing by David Evans)
