Investors are poised to send Australia’s volatile share market higher after a rebound on Wall Street overnight.

The SPI200 futures contract was 34 points, or 0.57 per cent, higher at 5,999 at 0700 AEDT on Wednesday.

The US S&P500 rose 4.7 per cent overnight as coronavirus fears were eased by government promises to fiscally assist and as parts of Hubei province, which was the epicentre of the coronavirus outbreak, start to return to normal.

The Australian dollar was buying 64.82 US cents at 0700 AEDT, down from 65.62 US cents from at the market close on Tuesday.