The Daily Chase: Scotiabank kicks off bank earnings season; Experts push for green hydrogen
BNN Bloomberg
Bank of Nova Scotia opened earnings season today with an adjusted profit that was essentially in line with estimates ($2.10 vs $2.11) as the drags that analysts anticipated heading into the quarter materialized.
U.S. futures were looking steady as of 8 a.m. ET after yesterday’s rout that saw the S&P 500 fall the most since June 13 as markets await U.S. Federal Reserve chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on Friday. West Texas Intermediate crude is extending its rally on the heels of the Saudi energy minister raising the prospect of a production cut yesterday.
THE CASE FOR GREEN HYDROGEN
It's going to be a heck of a lineup in Stephenville, N.L., for what's being billed as "the largest gathering of its type ever assembled" to highlight green hydrogen as part of the solution to the world's energy needs. In addition to Prime Minister Justin Trudeau and German Chancellor Olaf Scholz, the chief executives of Bayer, ArcelorMittal, Volkswagen, Mercedes-Benz, and Thyssenkrupp are expected to be among the corporate leaders in attendance. The project is the brain child of John Risley's World Energy venture, as the former seafood tycoon pivots to leader of industry in renewable energy.
