Global Markets React to Nvidia's AI Boost, Hawkish Fed, and Iran War Stalemate
31 August 2026 · Morning
Nvidia's earnings surprise drove Nasdaq +1.57% and S&P 500 +0.72%, easing AI demand concerns and improving risk appetite (VIX -4.73%).
The Iran war entered its sixth month of stalemate, and Trump's remarks on focusing on economic warfare pushed WTI up 1.58%.
Hawkish comments from regional Fed presidents led to a 2.7bp rise in the US 10-year yield, with 75% probability of a December hike ahead of Warsh's Jackson Hole speech.
The ECB's July minutes reconfirmed the need for further rate hikes, while France's budget risks widened the Germany-France bond spread to a 2024 high.
While Nvidia's boost improved risk appetite, the prolonged Iran war and the Fed's hawkish stance continue to cap interest rates.
Global Markets
Detail
S&P 500
Closed at 7,730.99 on 8/27.
+0.72%
Nasdaq
Closed at 26,541.34 on 8/27.
+1.57%
STOXX 600
Closed at 651.86 on 8/27.
-0.69%
Nikkei 225
Closed at 66,131.76 on 8/27.
-0.20%
CSI 300
Closed at 4,630.28 on 8/27.
+0.86%
KOSPI
Closed at 6,912.37 on 8/27.
+1.53%
Hang Seng
Closed at 25,565.74 on 8/27.
-0.34%
Dollar Index (DXY)
Closed at 99.14 on 8/27.
-
USD/JPY
Closed at 159.41 on 8/28.
+0.01%
EUR/USD
Closed at 1.17 on 8/28.
-0.01%
USD/KRW
Closed at 1,380.60 on 8/27.
-0.34%
USD/CNY
Closed at 6.72 on 8/27.
-0.04%
US 10-year
Yield reached 4.676% on 8/27.
+2.7bp
US 2-year
Yield reached 4.234% on 8/27.
+2.5bp
Japan 10-year
Yield reached 2.892% on 8/27.
+0.7bp
Germany 10-year
Yield reached 3.267% on 8/27.
+2.9bp
Korea 10-year
Yield reached 4.252% on 8/27.
-2.0bp
US HY Spread
Spread narrowed to 267bp on 8/26.
-3.0bp
WTI
Closed at 83.53 on 8/27.
+1.58%
Gold
Closed at 4,588.97 on 8/27.
-0.19%
Copper
Closed at 6.59 on 8/27.
-0.15%
VIX
Closed at 14.50 on 8/27.
-4.73%
Canada's Q2 Current Account Swings to Surplus
Canada posted an unexpected current account surplus of C$8.84 billion in Q2, significantly exceeding the market's forecast of a C$2 billion deficit.
+C$8.84B
Israel Election Could Cause Shekel Volatility
JPMorgan analysis suggests political uncertainty surrounding the October 27 election could lead to a ±3% fluctuation in the Israeli shekel.
±3% Volatility
Fed Officials Divided on Inflation Path Ahead of Warsh Speech
Fed Chair Warsh, scheduled to speak at Jackson Hole, maintained an ambiguous stance, stating that 'whether inflation is a problem is itself a challenge'.
Mixed Signals
United States
Iran War Enters Six-Month Stalemate6-Month Stalemate
The conflict in Iran has reached a six-month impasse without a clear resolution, contradicting initial promises of a four-week conclusion.
Shipping in the Strait of Hormuz faces significant disruptions, with Iran showing no signs of capitulation.
Trump Shifts to Economic Sanctions Strategy Against IranEconomic Pressure
President Trump confirmed a strategy focused on economic pressure, dubbed 'Operation Economic Outcast', warning countries that trade with Iran of potential sanctions.
This approach signals a departure from direct dialogue, reinforcing a hardline stance against the nation.
July PCE Exceeds Fed Target for 65th Consecutive MonthPCE 3.7%
The Personal Consumption Expenditures (PCE) index rose 3.7% in July, remaining above the Fed's target for 65 consecutive months, intensifying debate between rate hike proponents and those advocating for moderation.
Key categories like automobiles (+5%), housing and utilities (+3.5%), and recreational goods (double-digit increases) showed steep rises.
Cleveland Fed President Hammack Emphasizes Need for Rate Hikes3% by Year-End
President Hammack projected inflation at 3% by year-end and 2.5% next year, reiterating the necessity of further interest rate increases.
His remarks underscore the Fed's commitment to bringing inflation down despite recent mixed signals.
Boston Fed President Collins Sees Positive Signs in Inflation DataGradual Disinflation
President Collins noted that portfolio management fees distorted inflation metrics, with underlying components showing positive signs.
She maintained a forecast for gradual disinflation, provided there are no new shocks from tariffs or oil prices.
Jackson Hole Speech Anticipated Amid Market UncertaintyUncertainty
Markets remain mixed ahead of Fed Chair Warsh's Jackson Hole speech, with technology stocks firm but interest rate path uncertainty persisting.
Investors are keenly awaiting clues on the direction of monetary policy, especially regarding the September meeting.
Nvidia's Strong Outlook Boosts Nasdaq and S&P 500AI Demand Reaffirmed
Nvidia (NVDA) provided a robust outlook, reaffirming strong AI demand and driving up the Nasdaq and S&P 500.
Salesforce (CRM) also surged after raising its annual forecast, adding to the positive sentiment across technology stocks.
Treasury Yields Rise, Dollar Mixed as Fed Hike Probabilities Shift10Y +2.7bp
Treasury yields edged higher, and the dollar showed mixed performance as markets priced in a 35% chance of a September hike and a 75% cumulative probability by December.
This reflects the ongoing hawkish rhetoric from some Fed officials despite broader risk-on sentiment.
Pentagon Signals European Allies to Strengthen Self-DefenseDefense Review
A Pentagon policy advisor informed NATO European allies that the U.S. is reviewing its troop deployments in Europe over six months.
The review includes surveys on defense spending, strategy, procurement, and support for U.S. policies, encouraging Europe to build a more self-reliant defense system.
Trump Downplays Putin's Intent to Attack NATO TerritoryNo NATO Attack
President Trump stated that 'Putin will not attack NATO territory,' while also downplaying reports of a CIA director's visit to Moscow.
This suggests an effort to de-escalate concerns about Russian aggression towards NATO.
Sources indicate President Trump plans to meet with refinery and gasoline retail executives next week to discuss ways to mitigate rising oil prices.
This political move aims to ease pressure on gas prices ahead of the November midterm elections, crucial for Republican seat retention.
Trump Considers Expanding Small Refinery Exemptions (SREs)SRE Expansion
The administration is reportedly considering expanding SREs from approximately 1.4 billion gallons to 1.8 billion gallons.
This move faces strong opposition from the agriculture and biofuel industries, with an Iowa Republican senator criticizing it as a 'subsidy for large refiners'.
Europe
ECB Signals Stronger Likelihood of September Rate Hike9M Hike Likely
The ECB's July meeting minutes revealed policymakers deemed further rate hikes essential to curb energy price increases stemming from the Iran war, suggesting the previous pause was temporary.
This expectation has been pre-priced into Eurozone bond yields, with the German 10-year yield reaching 3.25%, near a 15-year high.
France Faces Market Distrust Amid Record Debt and Election UncertaintyCAC40 -1.7%
France's CAC 40 index fell 1.7% to a one-month low, leading the STOXX 600 to its worst monthly decline, driven by a 1.7% drop in bank stocks.
The spread between French and German bond yields widened to its highest level since 2024, signaling deteriorating fiscal credibility.
With a divided parliament already seeing two prime ministers resign over budget issues, fiscal instability is intensifying ahead of next spring's presidential election.
BoE Rate Hike Expectations Reduced to Less Than One Hike Annually<1 Hike/Year
The British pound (GBP) retreated 0.1% to $1.3578, hitting a weekly low and pulling back from a six-month high of 1.3675, as traders unwound long positions ahead of the Fed Chair's Jackson Hole speech.
Markets are now pricing in less than one rate hike (<0.25%) from the Bank of England (BoE) for the year, leading to a continued downtrend in UK Gilt yields.
Eurozone Bond Yields Rise on Oil Prices and Hormuz DoubtsDE 10Y +2-3bp
German 10-year bond yields rose 2-3 basis points to 3.25%, nearing a 15-year high, with 2-year and 30-year yields also increasing.
This rise is linked to persistent high oil prices, as mediation talks between Iran and Qatar to reopen the Strait of Hormuz show signs of difficulty in reaching an agreement.
UniCredit CEO Secures 48% Stake in Commerzbank, Shifting Takeover Dynamics48% Stake
UniCredit's CEO has reportedly acquired a 48% stake in Commerzbank (CBK), leveraging the German government's 2024 sale of a 35% stake as a springboard for the takeover.
The CEO is scheduled to meet with the German Finance Minister, indicating the acquisition battle is entering a decisive phase, while the German government's internal divisions and lack of interest have weakened its defense against the takeover.
Italy Considers Energy Windfall Tax Amid Rising Oil PricesEni -6%
Concerns over a potential energy windfall tax in Italy have led to a 6% cumulative drop in Eni (ENI) shares since August 20.
The government is considering converting a portion of the oil price surge, driven by the Iran war, into a levy on energy companies to mitigate domestic impacts.
Four EU Countries Call to Reopen Debate on Russian Frozen Assets€210B Assets
Foreign ministers from the Netherlands, Poland, Spain, and Sweden have submitted a letter urging a renewed discussion on repurposing frozen Russian assets for Ukraine's reconstruction at a September 1-2 meeting.
Approximately €210 billion of Russian assets, frozen by the EU last December, are under consideration, though Belgium's undecided stance makes unanimous agreement uncertain.
Germany's Merz Opposes Proposed 60% Increase in EU BudgetEU Budget Hike
Friedrich Merz, a German political leader, has voiced opposition to the European Commission's proposal for a €2 trillion EU budget for 2028-2034, representing up to a 60% increase from current levels.
Merz, alongside other leaders of net contributing nations, advocates for maintaining the sustainability of the EU budget.
Mixed Economic Indicators Across EuropeIfo +1.8p
Germany's Ifo employment index rose 1.8 points to 94.8, its highest since May 2025, despite ongoing job cuts.
Sweden's GDP growth forecast was raised to 2.5% (from 2.3%), and Denmark's to 3.7% (from 2.7%), boosted by exports of Novo Nordisk's (NVO) Wegovy.
The number of NEETs (Not in Education, Employment, or Training) in the UK (ages 16-24) improved to 981,000, falling below 1 million but remaining high since 2013.
UK FTSE 100 Slides on French Risk ContagionFTSE100 -0.8%
The UK's FTSE 100 index fell 0.8% to 10,792.54 points, marking its largest drop in 1.5 months, primarily driven by declines in banking and energy stocks.
Despite rising oil prices, risk aversion stemming from France's fiscal and election uncertainties outweighed positive energy sector sentiment.
The FTSE 250 remained flat (+0.04%), indicating a structural flight from large-cap stocks.
Latin America
Brazil's Current Account Deficit-$8.11B Deficit
Brazil's current account deficit reached $8.11 billion in July, significantly exceeding the market forecast of $6.6 billion.
This marks the largest deficit for the month of July since 2019, driven by a worsening service balance that expanded by $500 million year-over-year.
Foreign direct investment (FDI) also fell short of expectations, totaling $7.46 billion against a projected $7.92 billion.
Brazil's Central Government Primary Surplus+10.8B Reais Surplus
Brazil's central government posted a primary surplus of 10.8 billion reais ($2.1 billion) in July, slightly above the 10.7 billion reais forecast.
This temporary improvement was largely due to a calendar effect, as court-ordered payments were concentrated in March, leading to a sharp drop in July expenditures.
The Planning Minister expressed confidence in achieving a primary surplus by 2027, even when including expenses not initially targeted.
A legal conflict has erupted over Brazil's 12% oil export tax, creating significant uncertainty.
A court ordered a temporary suspension of the tax, while the government's foreign trade council (Camex) simultaneously approved a 60-day extension.
Legal disputes with oil companies are anticipated around the expected expiry date of September 9.
LatAm Currencies Under PressureCurrencies -0.1%
Latin American currencies and stock indices saw a 0.1% weakening, as investors adopted a cautious stance ahead of the Federal Reserve Chair's Jackson Hole speech.
Brazil's deteriorating current account balance provided a concrete basis for the observed currency weakness in the region.
Colombia's Revised Budget2026 Deficit -7.2%
Colombia's new right-wing government submitted a revised 2027 budget proposal of 634.95 trillion pesos ($206.02 billion) to lawmakers, rejecting the previous left-wing government's plan.
The new budget projects a widening fiscal deficit of 7.2% for 2026 and includes plans for an additional 21.9 trillion pesos in cuts for that year.
The budget requires parliamentary approval by October 20.
Argentine Peso Hits Record LowARS Record Low
The Argentine peso (ARS) fell 0.33% yesterday evening, reaching an all-time low of 1,520 pesos per US dollar.
Analysts view this extreme depreciation as within market expectations, reflecting the economy's structural high inflation trend.
Emerging Markets
Syria Reconnects to Global Payment NetworksVisa/Mastercard Back
Syria has begun rejoining international payment networks like Visa and Mastercard, days after the US lifted its designation as a state sponsor of terrorism.
The first international card transactions in decades were processed on August 27, with the Syrian President reportedly participating in a Visa transaction test to signal political commitment.
The Syrian Central Bank has prioritized reintegrating into the global financial system as a key step for national reconstruction.
Iran Conflict Shifts to Economic SiegeEconomic Siege
The conflict surrounding Iran has transitioned from military attacks to an economic siege and naval blockade over the past six months, leading to a prolonged stalemate.
The Iranian government believes time is on its side, maintaining its power base after surviving military threats.
Gulf nations are concerned about regional stability being undermined by a long-term stalemate, fearing deepened economic hardship without a change in the regime's policies.
Rwanda Central Bank Hikes RatesRate Hike +50bps
Rwanda's central bank raised its policy rate by 50 basis points to 8.75% on August 27, citing the impact of the Middle East conflict on inflation.
The hike aims to anchor inflation expectations, prevent secondary effects, and bring inflation back to its target by the second half of 2027.
Russian Ruble WeakensRuble >2% Weaker
The Russian ruble fell over 2% against both the US dollar and the Chinese yuan on August 27, reaching a multi-month low.
August is projected to be the weakest month for the ruble this year, pressured by the end of tax-related foreign currency support, increased demand for fuel and refining equipment imports due to attacks on Ukrainian energy infrastructure, and falling oil prices.
Russia Threatens UK Military TargetsUK Targets Threat
Russia's Foreign Ministry spokesperson warned on August 27 that Russia could strike UK military targets, both inside and outside the UK.
This threat comes in response to Ukraine's alleged use of British long-range cruise missiles to attack targets within Russian territory.
Russia claims the UK is "one step away" from complicity in terrorism, potentially leading to "catastrophic consequences," and urged the UK government to reconsider its Ukraine policy.
Poland MPC on Inflation OutlookH2 2027 Target
Minutes from Poland's Monetary Policy Council (MPC) meeting in July, released on August 27, indicated a continued slowdown in wage growth and easing price pressures.
Inflation is expected to return to around the 2.5% target by the second half of 2027, though the path remains uncertain due to commodity prices, fiscal policy, and potential VAT and fuel tax hikes.
The MPC believes projected economic growth rates in the coming years should not generate excessive inflationary pressure.
Indonesia Approves First Female Central Bank GovernorFirst Female Gov.
Indonesia's parliamentary finance committee approved Destry Damayanti (62), the current interim governor, as the next central bank governor on August 27, pending final approval from the full parliament.
Damayanti, an internal promotion and former senior deputy governor, is considered well-qualified for the five-year term.
Her appointment will mark a historic moment as the first female to lead Bank Indonesia.
China
Prudential's Hong Kong Business DeclinesNew Business Down
Prudential (2378.HK) saw a year-over-year decrease in new business profit from its Hong Kong-based Chinese customers in the first half of the year.
This decline is interpreted as a signal of Beijing's efforts to curb cross-border capital outflows.
Despite the slowdown, Prudential is assessed to be in a strong position with sufficient surplus capital to navigate future uncertainties.
Korea
SK Hynix (000660) Indiana AI Chip Facility$4B Facility
SK Hynix (000660) held a groundbreaking ceremony for its $4 billion advanced packaging and research facility in Indiana, planning volume production of HBM4E chips by Q3 2029.
The project secured $458 million in US government grants and up to $500 million in loans, aiming to enhance access to key customers like Nvidia, Microsoft, and Google.
This investment in facilities and supply chain is expected to create approximately 7,000 jobs.
Taiwan's opposition-led parliament rejected the government's proposed NT$21 billion ($660 million) special budget to purchase new military drones by 2031.
Instead, the parliament passed an opposition plan that shifts to an annual drone budget of NT$4 billion.
The government had emphasized the necessity of drones to counter China's military threats but faced strong resistance from the parliamentary majority.
S&P Affirms India's Credit Rating'BBB/A-2' Stable
S&P maintained India's sovereign credit rating at 'BBB/A-2' with a stable outlook, citing policy continuity and high infrastructure investment supporting long-term growth prospects.
The agency forecasts India's real GDP growth at 6.6% for 2026, expecting robust growth to continue.
However, S&P noted that high oil prices could worsen external balances and fuel inflation, posing a risk given India's significant reliance on crude oil imports.
India Government Bond Yields RiseYields +4bps
India's benchmark bond yield (6.94% 2036) rose 4 basis points to close at 6.8901% yesterday, with weak demand in Treasury bill auctions pushing 182-day and 364-day yields to three-month highs.
Market participants anticipate the Reserve Bank of India (RBI) will withdraw excess liquidity from the banking system ahead of potential policy tightening.
This expectation, combined with concerns over bond supply, is intensifying demand weakness.
HDFC Bank (HDFCBANK) Shares Hit 2.5-Year Low-28% YTD
HDFC Bank (HDFCBANK), India's largest private lender, fell for a third consecutive trading day, hitting a 2.5-year low and contributing to the weakness in India's benchmark index.
The stock is tracking its worst annual decline since 2008, down 28% year-to-date, amid accumulating legal and management risks, including delays in CEO reappointment.
Macquarie suggests a three-year CEO renewal could resolve uncertainty, but a temporary extension would likely heighten investor concerns.
Top Gainers
Detail
Salesforce (CRM)
Information Technology sector.
+22.58%
CrowdStrike Holdings (CRWD)
Information Technology sector.
+20.50%
Veeva Systems (VEEV)
Healthcare sector.
+15.20%
Synopsys (SNPS)
Information Technology sector.
+13.39%
Palo Alto Networks (PANW)
Information Technology sector.
+12.83%
ServiceNow (NOW)
Information Technology sector.
+10.04%
Fortinet (FTNT)
Information Technology sector.
+9.67%
NVIDIA (NVDA)
Information Technology sector.
+8.74%
Datadog (DDOG)
Information Technology sector.
+6.70%
Autodesk (ADSK)
Information Technology sector.
+6.21%
Companies
NVIDIA (NVDA)+8.74%
Q2 revenue of $96.2B exceeded consensus of $92.2B, with adjusted EPS of $2.22 surpassing $2.10 estimates.
Data Center revenue surged 117% year-over-year to $89B, and Q3 revenue guidance of $108B topped consensus of $104.2B.
FY28 revenue growth is tentatively projected at approximately +70%, with major GPU supply deals disclosed with AWS (2M GPUs for 2027-2028) and the US government (100K GPUs).
Twelve major investment banks raised their target prices, adjusting the average from $280-$330 to $300-$400, reflecting strong market confidence.
Marvell Technology (MRVL)-1.49%
Q2 revenue of $2.74B and adjusted EPS of $0.94 both exceeded analyst expectations.
CEO raised FY2027 revenue outlook to ~$12B (+45% YoY) and FY2028 to ~$18B (+50% YoY), with the data center business projected to grow +60% this fiscal year.
Q3 gross margin guidance of 52.9-53.9% was lower than Q2's 58.9%, which pressured the stock.
The custom chip business is expected to more than double by FY2028, accelerating further in FY2029, driven by strong AI data center chip demand.
Meta Platforms (META)-0.87%
Agreed to an $18B settlement over 10 years with most US states regarding youth social media harm lawsuits, including mandatory screen time and parental control features for Instagram and Facebook.
The financial impact is considered minor, with annual costs of ~$1.8B relative to advertising revenue, and avoids lengthy trials and internal document exposure.
The EU Commission continues discussions on preliminary findings of Digital Services Act (DSA) violations for addictive design, while Poland requested a €250M fine to the EU for Meta's failure to address fraud and false ads.
SanDisk (SNDK)-0.96%
SanDisk and Japan's Kioxia announced a joint investment of over $31B (5 trillion yen) in Japan by 2032 to expand AI memory production capacity.
The plan includes a new memory chip production facility at Kioxia's Kitakami plant, with 1.8 trillion yen (~$11.3B) allocated for this part of the investment.
Japanese government support is a specified condition for the investment plan.
Moderna (MRNA)-4.60%
Announced a plan for a $2B convertible note private placement, causing a pre-market stock drop of 5.6% due to concerns over capital structure dilution.
The FDA approved updated formulations for Spikevax and mRESVIA for the 2026-2027 respiratory season, targeting various age groups and conditions.
IREN (IREN)+2.40%
FY26 revenue of $707M fell short of analyst estimates of $740.3M, and the company reported a net loss.
The net loss was primarily due to non-cash impairment charges from past Bitcoin mining equipment write-offs, despite growth in its AI cloud business.
The company is expanding its AI cloud platform through multi-year contracts and M&A, securing ~$4B in annual recurring revenue for 2026 and selling most of its 2026 infrastructure capacity.
Abbott (ABT)-2.20%
Its next-generation atrial fibrillation treatment device, Amulet 360™, received European CE Mark approval.
The first clinical cases were completed in Germany and Denmark, with expansion across Europe expected in the coming weeks.
JPMorgan Chase (JPM)-0.64%
Led a $5B debt package for generative AI startup Volta to expand its infrastructure, signaling major banks' increased financial activity in the AI sector.
JPM and Bank of America are urging the withdrawal of GSIB capital rule adjustments amid significant revisions by the Federal Reserve.
JPM strongly opposes proposed rule changes, stating they would incur $13B in capital relief losses.
GE Vernova (GEV)+0.08%
The power equipment company appointed Claire McDonough, former Rivian CFO, as its new Chief Financial Officer, effective January 1, 2027.
Current CFO Ken Parks will transition to a strategic advisor role before retiring in April 2027.
AppleN/A
Confirmed a new product launch event scheduled for September 9.
Lam Research (LRCX)+1.82%
The board approved an increase in its quarterly dividend from $0.26 to $0.33 per share, a 26.9% raise.
Google (GOOGL)-0.39%
Released 'Gemini Omni 1.1 Flash,' an AI model for developers with enhanced video features.
Settled a UK app developer class-action lawsuit for £260M (~$353M) concerning alleged 30% Play Store fees and exclusive distribution.
Google Cloud and Clearlake Capital formed a strategic partnership to provide AI enterprise solutions to Clearlake portfolio companies.
AmgenN/A
Tezspire met all primary and secondary endpoints in its Phase 3 trial for eosinophilic esophagitis.
AbbVieN/A
Skyrizi subcutaneous induction therapy for Crohn's disease has been submitted for EMA approval.
DigitalOcean Holdings (DOCN)+5.82%
Truist Securities initiated coverage with a Buy rating and a $175 target price.
Home Depot (HD)-1.86%
Expanded its Magic Apron feature to enhance personalized and localized product information and shopping guidance for customers.
Bank of America (BAC)-1.70%
Federal judge Jed Rakoff approved a $72.5M settlement for victims of Jeffrey Epstein's sexual abuse, who accused the bank of facilitating his illicit activities.
The judge ruled the settlement provides 'substantial' compensation and 'partial justice,' dismissing some victims' claims that it forced waiver of rights against other defendants.
Johnson & Johnson (JNJ)-1.57%
China's drug regulator approved J&J's new oral psoriasis drug, targeting over 8.4M patients in China.
This approval is expected to intensify market competition against existing treatments like Bristol Myers' Sotyktu and AbbVie's offerings in the world's second-largest pharmaceutical market.
Amazon (AMZN)-1.54%
Amazon Bedrock (cloud-based AI model service) launched support for OpenAI's GPT-5.6 based new models, Terra and Luna, in India.
Cross-regional inference in India aims to improve response speed and service availability for AI workloads.
Mastercard (MA)-1.13%
Conducted its first international card transactions in Syria in over 15 years, following the US removal of Syria from its state sponsors of terrorism list.
This move, in cooperation with Syria's Central Bank and QNB Group, signals Syria's reintegration into the global financial system and potential for wider digital payment adoption.
Visa (V)-1.10%
Enhanced its cybersecurity portfolio and launched three new advisory services (Visa Consulting & Analytics) to address AI-era cyber threats.
Applied Materials (AMAT)+0.54%
Akash Palkhiwala was newly appointed to the Board of Directors.
Thermo Fisher Scientific (TMO)-0.48%
Launched a new electron detector, 'EMPAD G2,' aimed at advancing materials research.