Stock Market News·2025-11-03 10:08Group 1: Energy Sector Developments - BP's CEO projects that non-OPEC supply growth will flatten after February or March 2026, suggesting a potential firming of crude prices, which are currently near $69 a barrel in London [2] - BP maintains a bullish outlook on oil demand, which is growing by approximately 1% annually, surprising on the upside [2] - The growth of artificial intelligence is expected to significantly drive future energy demand, with projections indicating that AI could account for 1% to 10% of the global economy in the next 5-10 years [3] Group 2: Technology Sector Investments - Alphabet plans to sell at least EUR3 billion in bonds to fund its AI expansion initiatives, following a $5 billion debt sale in the U.S. [4] - The company's backlog has increased by 82% year-over-year to $157.7 billion in Q3 2025, largely due to substantial AI contracts [4] Group 3: European Economic Policy - Germany's Economy Minister announced plans to introduce an industry electricity price starting in 2026, aiming to reduce electricity costs for various sectors [5] - The program could cost approximately €12 billion in 2024 and includes significant reductions in electricity tax for the manufacturing sector [5] Group 4: UK Manufacturing Sector - The UK's S&P Global Manufacturing PMI for October registered 49.7, indicating a slight improvement from the previous month's 46.2, although it still reflects a contraction in the manufacturing sector [6] - This marks the weakest decline in a year, with production experiencing its fastest increase since September 2024 [6]