Markets Live: Shares post bright start

Australian shares post a bright start after offshore markets leapt on hopes that the US is moving towards a resolution in its budget negotiations. 10.14am: The Australian share market has opened half a per cent higher. The benchmark S&P/ASX200 index is up 22.8 points, or 0.52 per cent, at 4,384.2, while the broader All Ordinaries index is up 22.4 points, or 0.51 per cent, at 4,405.0. On the ASX 24, the December share price index futures contract was up 15 points at 4,394, with 8,233 contracts traded. 10.11am: Here’s another view on what drove offshore markets share  higher overnight. Ric Spooner, chief market analyst at CMC Markets, says while there was not much news...