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The Australian share market is expected to open higher after a positive lead from Wall Street.

The SPI200 futures contract was up 28 points, or 0.44 per cent, at 6,414.0 at 0700 AEST, suggesting an early bounce for the benchmark S&P/ASX200 on Friday.

Wall Street finished higher overnight, with the Dow Jones Industrial Average up 0.71 per cent, the S&P 500 up 0.61 per cent and the tech-heavy Nasdaq Composite up 0.53 per cent.

The Aussie dollar is buying 69.77 US cents from 69.72 US cents on Thursday.