As of November 3, today’s news sees moves in the energy and infrastructure sectors, led by Goldman’s upgrade on Prysmian and Eaton’s latest multibillion-dollar acquisition in the data center space. Goldman Sachs raised its price target on Prysmian to 102 euros from 99, reaffirming a Buy rating. The bank also added Prysmian to its European Conviction List. Meanwhile, Eaton will acquire Boyd Corporation's thermal business from Goldman Sachs Asset Management for 9.5 billion dollars, the fourth deal this year for the power management firm seeking to bolster its data center segment to cater to AI demand surge. The global appetite for energy-intensive data centers has sparked a wave of dealmaking across the industry, Reuters said, as companies race to build capacity to meet the surge in power and cooling needs. Furthermore, the financial markets are reacting to broader manufacturing struggles, particularly in response to weak demand and the impacts of U.S. tariffs on factory orders across major economies. Euro zone manufacturing activity has stagnated, with German output showing little signs of recovery and France’s sector remaining weak. Conversely, Spain's factories are expanding at a faster pace, demonstrating some regional variability within the euro zone. Analysts, including Paolo Grignani from Oxford Economics, note that ongoing concerns over foreign orders indicate persistent issues, particularly related to weak demand from the U.S. and France. Meanwhile, OpenAI has signed a seven-year, 38 billion dollars deal to buy cloud services from Amazon, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom. The agreement, announced today, will give OpenAI access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models. Furthermore, discussions around the future of oil supply are centering on predictions of demand growth rather than an anticipated glut. Energy executives, including Eni's CEO Claudio Descalzi, expressed skepticism about excess supply in 2026, asserting that current investment levels in production are insufficient to meet rising demand, especially as new demand drivers emerge in countries like India. Meanwhile, Glencore's potential closure of its Horne smelter in Canada due to environmental and cost pressures could amplify existing concerns about global copper shortages, an issue that continues to exert upward pressure on copper prices despite current softness tied to demand worries from China. From the international front, President Trump has raised the possibility of deploying U.S. military forces in Nigeria over humanitarian concerns, which adds another layer of complexity to geopolitical dynamics in the region.