The Australian share market is higher, helped by the market optimism, that followed the the breakthrough deal in US to avoid the fiscal cliff.
On Wednesday, Australian time, the US Congress approved a bill rolling back a package of tax hikes and spending cuts that had threatened to push America back into recession – a situation called the fiscal cliff.
At 1015 AEDT on Thursday, the benchmark S&P/ASX200 index was up 20.5 points, or 0.44 per cent, at 4,726.4, while the broader All Ordinaries index rose 22.3 points, or 0.47 per cent, at 4,745.2.
On the ASX 24, the March share price index futures contract was up 17 points at 4,701 with 10,800 contracts traded.
