Global Economic Shifts: Canada Joins EU Defense Scheme, Blackstone Cools on Big Yellow, US Manufacturing Contracts
Stock Market News·2025-12-01 15:38
Key TakeawaysCanada has secured a deal to join the European Union's €150 billion defense scheme, signaling a strategic pivot to strengthen its defense industry and reduce reliance on U.S. military procurement.U.S. manufacturing activity contracted at a faster pace in November, with the ISM Manufacturing PMI falling to 48.2, missing expectations and indicating ongoing economic headwinds.Blackstone is reportedly stepping back from its potential bid for UK self-storage firm Big Yellow Group Plc (BYG), impactin ...