European business sentiment picks up, inflation worries grow, survey finds
Published . Updated .
Covered by 6 outlets: KELO-AM, WTVB, StreetInsider, Reuters, Yahoo Finance, TradingView.
Who covered it: Center 2 · Not rated 4. How we rate outlets
Key takeaways
- By Philip Blenkinsop BRUSSELS, Nov 12 (Reuters) - Sentiment among European companies has picked up across industry and services since June, but there are growing concerns about rising inflation and sovereign debt, according to a survey published by B...
- Exposed: VGK, BWX, EFA, ASML, HSBC
- Market reaction: BWX −0.6% on the day; VGK −0.6% on the day; ASML −2.4% on the day
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By Philip Blenkinsop BRUSSELS, Nov 12 (Reuters) - Sentiment among European companies has picked up across industry and services since June, but there are growing concerns about rising inflation and sovereign debt, according to a survey published by B...
Directly affected
- No company is named in this report.
Indirectly affected
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Europe
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe
- ASML ASML Holding N.V-13.3% 10d
ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares.
- HSBC HSBC Holdings-6.6% 12d
HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares.
- SHEL Shell+0.8% 7d
Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares.
- NVS Novartis AG-3.2% 8d
Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| VGK | -1.21% | +0.58% | base | -0.61% | after close | after close | after close |
| BWX | +1.13% | +1.50% | base | -0.63% | after close | after close | after close |
| EFA | -1.86% | +0.32% | base | -0.61% | after close | after close | after close |
| ASML | -11.40% | -1.39% | base | -2.42% | after close | after close | after close |
| HSBC | -2.35% | +0.02% | base | -1.24% | after close | after close | after close |
| SHEL | +2.32% | +1.03% | base | +0.72% | after close | after close | after close |
| NVS | +0.97% | +2.05% | base | -0.06% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
European business sentiment picks up, inflation worries grow, survey finds KELO-AM
Source: KELO-AM
How far Vanguard Intl Equity Index F (VGK) has moved since 12 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Asml Holding (ASML) | that day | -2.42% | final price |
| Asml Holding (ASML) | three days earlier | -1.39% | final price |
| Asml Holding (ASML) | five days earlier | -11.40% | final price |
| Spdr Series Trust (BWX) | that day | -0.63% | final price |
| Spdr Series Trust (BWX) | three days earlier | +1.50% | final price |
| Spdr Series Trust (BWX) | five days earlier | +1.13% | final price |
| Ishares Tr (EFA) | that day | -0.61% | final price |
| Ishares Tr (EFA) | three days earlier | +0.32% | final price |
| Ishares Tr (EFA) | five days earlier | -1.86% | final price |
| Hsbc Holdings (HSBC) | that day | -1.24% | final price |
| Hsbc Holdings (HSBC) | three days earlier | +0.02% | final price |
| Hsbc Holdings (HSBC) | five days earlier | -2.35% | final price |
| Novartis Ag (NVS) | that day | -0.06% | final price |
| Novartis Ag (NVS) | three days earlier | +2.05% | final price |
| Novartis Ag (NVS) | five days earlier | +0.97% | final price |
| Shell (SHEL) | that day | +0.72% | final price |
| Shell (SHEL) | three days earlier | +1.03% | final price |
| Shell (SHEL) | five days earlier | +2.32% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | -0.61% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | +0.58% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -1.21% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 20 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Kevin Hern sold Novartis Ag (NVS), worth $15,001 - $50,000 on 27 Aug 2026. That is 77 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Vanguard Intl Equity Index F (VGK)
Companies tied to this story
- VGK Vanguard Intl Equity Index F
In “European business sentiment picks up, inflation worries grow, survey finds,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “European business sentiment picks up, inflation worries grow, survey finds.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Europe
- EFA Ishares Tr
Ishares Tr (EFA) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “European business sentiment picks up, inflation worries grow, survey finds.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe
- ASML Asml Holding
Asml Holding (ASML) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “European business sentiment picks up, inflation worries grow, survey finds.” Reason on file: ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares
- HSBC Hsbc Holdings
For “European business sentiment picks up, inflation worries grow, survey finds,” Hsbc Holdings (HSBC) is linked, with no stored direction, medium confidence. Reason on file: HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “European business sentiment picks up, inflation worries grow, survey finds.” Reason on file: Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares
- NVS Novartis Ag
Novartis Ag (NVS) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “European business sentiment picks up, inflation worries grow, survey finds.” Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“european”) reaches its shares
Vanguard Intl Equity Index F (VGK)
The 12 Nov 2026 story “European business sentiment picks up, inflation worries grow, survey finds” names Vanguard Intl Equity Index F (VGK) because of this story.
For Vanguard Intl Equity Index F (VGK), the reason on file says Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)
Spdr Series Trust (BWX) is here too. Its reason reads: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Europe
Price levels for Vanguard Intl Equity Index F (VGK)
EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46.
A simple score for Vanguard Intl Equity Index F (VGK)
85 out of 100
“European business sentiment picks up, inflation worries grow, survey finds” scores 85 out of 100. The score uses 6 sources, and 7 linked companies.