19 May 20 - Markets Buoyed by Vaccine News | Elders Jumps Global markets were higher overnight, as the US market (S&P 500 +3.1%) surged higher to close at a 10-week high on a number of positive developments. The major one being drug maker Moderna Inc announcing  its experimental COVID-19 vaccine showed promising results in a small early-stage trial, coupled with Federal Reserve Chairman Jerome Powell pledging more stimulus relief is available to lift the economy.  This saw stocks that have been particularly battered by government lock down measures surge, with travel related stocks being the best performers after Delta Air Lines announced it would resume flying several major routes in June.   Trade war tensions have also eased, after Chinese President Xi Jinping announced China will embrace an independent enquiry into the cause of covid-19 and has pledged US$2 billion to support the wor...