Geopolitics Alpha

Exclusive with European Central Bank President Christine Lagarde

Published . Updated .

Key takeaways

  • Editor's Note: How resilient is the global economy in an increasingly uncertain geopolitical landscape?
  • Exposed: VGK, BWX, EFA, ASML, HSBC
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAExclusive with European CentralBank President Christine LagardeGEOPOLITICS ALPHA

Editor's Note: How resilient is the global economy in an increasingly uncertain geopolitical landscape? What common ground can China and the EU find amid shifting global dynamics? On Leaders Talk, CMG's Zou Yun speaks with Christine Lagarde, president

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”).

  • FXI iShares China Large-Cap ETF-5.1% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • 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-1.5% 9d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe

  • ASML ASML Holding N.V-0.8% 16d

    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-6.5% 16d

    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+3.5% 11d

    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% 15d

    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

TickerT-5T-3T-1T0T+1T+2T+3
VGK-0.30%-0.05%baseafter closeafter closeafter closeafter close
FXINo price data for this ticker———————
BWX+0.16%+0.49%baseafter closeafter closeafter closeafter close
EFA+0.59%+0.25%baseafter closeafter closeafter closeafter close
ASML+7.25%+0.88%baseafter closeafter closeafter closeafter close
HSBC+2.25%+1.01%baseafter closeafter closeafter closeafter close
SHEL+0.85%+4.31%baseafter closeafter closeafter closeafter close
NVS-1.99%+0.99%baseafter closeafter closeafter closeafter 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.

Exclusive with European Central Bank President Christine Lagarde CGTN

Source: CGTN

Price since this story was published: Vanguard Intl Equity Index F (VGK)

CompanyWhenMoveStatus
Asml Holding (ASML)three days earlier+0.88%final price
Asml Holding (ASML)five days earlier+7.25%final price
Spdr Series Trust (BWX)three days earlier+0.49%final price
Spdr Series Trust (BWX)five days earlier+0.16%final price
Ishares Tr (EFA)three days earlier+0.25%final price
Ishares Tr (EFA)five days earlier+0.59%final price
Hsbc Holdings (HSBC)three days earlier+1.01%final price
Hsbc Holdings (HSBC)five days earlier+2.25%final price
Novartis Ag (NVS)three days earlier+0.99%final price
Novartis Ag (NVS)five days earlier-1.99%final price
Shell (SHEL)three days earlier+4.31%final price
Shell (SHEL)five days earlier+0.85%final price
Vanguard Intl Equity Index F (VGK)three days earlier-0.05%final price
Vanguard Intl Equity Index F (VGK)five days earlier-0.30%final price

Congressional trades in the stocks in this story

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 “Exclusive with European Central Bank President Christine Lagarde,” 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

    In “Exclusive with European Central Bank President Christine Lagarde,” Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence. 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

    For “Exclusive with European Central Bank President Christine Lagarde,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe

  • ASML Asml Holding

    In “Exclusive with European Central Bank President Christine Lagarde,” 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

    Hsbc Holdings (HSBC) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Exclusive with European Central Bank President Christine Lagarde.” 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 “Exclusive with European Central Bank President Christine Lagarde,” 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

    In “Exclusive with European Central Bank President Christine Lagarde,” Novartis Ag (NVS) is linked, with no stored direction, medium confidence. 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)

Vanguard Intl Equity Index F (VGK) is the company in “Exclusive with European Central Bank President Christine Lagarde,” the 4 Nov 2026 this story 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, Spdr Series Trust (BWX), is listed for a different reason: 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

Dates and 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.

How strong the case is around Vanguard Intl Equity Index F (VGK)

54 out of 100

“Exclusive with European Central Bank President Christine Lagarde” scores 54 out of 100. The score uses 2 sources, and 7 linked companies.