European stocks slip as Middle East uncertainty makes for caution
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about Europe.
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”).
- ASML ASML Holding N.V-0.1% 17d
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-7.7% 17d
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-2.5% 12d
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+1.5% 16d
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 | -1.15% | +0.07% | base | -0.49% | after close | after close | after close |
| ASML | +7.22% | +9.85% | base | +2.46% | after close | after close | after close |
| HSBC | +0.10% | +0.79% | base | -1.70% | after close | after close | after close |
| SHEL | -0.17% | +2.59% | base | -0.59% | after close | after close | after close |
| NVS | -2.88% | -0.25% | base | -1.03% | 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 stocks slip as Middle East uncertainty makes for caution Central Oregon Daily
Source: Central Oregon Daily
How far Vanguard Intl Equity Index F (VGK) has moved since 3 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Asml Holding (ASML) | that day | +2.46% | still updating |
| Asml Holding (ASML) | three days earlier | +9.85% | final price |
| Asml Holding (ASML) | five days earlier | +7.22% | final price |
| Hsbc Holdings (HSBC) | that day | -1.70% | still updating |
| Hsbc Holdings (HSBC) | three days earlier | +0.79% | final price |
| Hsbc Holdings (HSBC) | five days earlier | +0.10% | final price |
| Novartis Ag (NVS) | that day | -1.03% | still updating |
| Novartis Ag (NVS) | three days earlier | -0.25% | final price |
| Novartis Ag (NVS) | five days earlier | -2.88% | final price |
| Shell (SHEL) | that day | -0.59% | still updating |
| Shell (SHEL) | three days earlier | +2.59% | final price |
| Shell (SHEL) | five days earlier | -0.17% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | -0.49% | still updating |
| Vanguard Intl Equity Index F (VGK) | three days earlier | +0.07% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -1.15% | final price |
Congressional trades in the stocks in this story
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 11 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 88 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Kevin Hern sold Novartis Ag (NVS), worth $15,001 - $50,000 on 27 Aug 2026. That is 68 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).
How busy Middle East has been lately
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “European stocks slip as Middle East uncertainty makes for caution” is tagged to Middle East.
Who gains and who pays if Middle East stays in the story
Companies tied to this story
- VGK Vanguard Intl Equity Index F
Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “European stocks slip as Middle East uncertainty makes for caution.” Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)
- ASML Asml Holding
For “European stocks slip as Middle East uncertainty makes for caution,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. 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
In “European stocks slip as Middle East uncertainty makes for caution,” 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
In “European stocks slip as Middle East uncertainty makes for caution,” Shell (SHEL) is linked, with no stored direction, medium confidence. 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 3 Nov 2026 story “European stocks slip as Middle East uncertainty makes for caution.” 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
How a Middle East shock reaches Vanguard Intl Equity Index F (VGK)
Vanguard Intl Equity Index F (VGK) is the company in “European stocks slip as Middle East uncertainty makes for caution,” the 3 Nov 2026 Middle East story.
Vanguard Intl Equity Index F (VGK) is on the page because Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)
A second company, Asml Holding (ASML), is listed for a different reason: 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
Dates and price levels for Vanguard Intl Equity Index F (VGK)
ASML traded between 1583.71 and 1868.68 across 13 sessions. The latest close on file is 1590.17. HSBC traded between 91.56 and 101.84 across 13 sessions. The latest close on file is 94.32.
A simple score for Vanguard Intl Equity Index F (VGK)
40 out of 100Price not final
“European stocks slip as Middle East uncertainty makes for caution” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.