Geopolitics Alpha

Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions

Published . Updated .

Key takeaways

  • Exposed: VGK, BWX, EFA, ASML, HSBC
  • Market reaction: VGK −1.2% on the day; BWX −0.4% on the day; ASML +4.8% on the day

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GEOPOLITICS ALPHAPost-Midterms Market Rout Spreadsto Europe Ahead of ECB DecisionsGEOPOLITICS ALPHA

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 (“europe”).

  • 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-7.1% 13d

    ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“europe”) reaches its shares.

  • HSBC HSBC Holdings-5.8% 13d

    HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“europe”) 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 (“europe”) reaches its shares.

  • NVS Novartis AG-0.1% 12d

    Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“europe”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
VGK-0.95%-0.91%base-1.23%after closeafter closeafter close
BWX-0.42%-0.91%base-0.42%after closeafter closeafter close
EFA+0.66%+0.40%base-0.79%after closeafter closeafter close
ASML+15.17%+14.16%base+4.79%after closeafter closeafter close
HSBC-3.07%-4.04%base-1.16%after closeafter closeafter close
SHEL+8.57%+4.08%base-0.94%after closeafter closeafter close
NVS-0.69%-1.66%base+0.43%after 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.

Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions Bloomberg.com

Source: Bloomberg

How far Vanguard Intl Equity Index F (VGK) has moved since 6 Nov 2026

CompanyWhenMoveStatus
Asml Holding (ASML)that day+4.79%final price
Asml Holding (ASML)three days earlier+14.16%final price
Asml Holding (ASML)five days earlier+15.17%final price
Spdr Series Trust (BWX)that day-0.42%final price
Spdr Series Trust (BWX)three days earlier-0.91%final price
Spdr Series Trust (BWX)five days earlier-0.42%final price
Ishares Tr (EFA)that day-0.79%final price
Ishares Tr (EFA)three days earlier+0.40%final price
Ishares Tr (EFA)five days earlier+0.66%final price
Hsbc Holdings (HSBC)that day-1.16%final price
Hsbc Holdings (HSBC)three days earlier-4.04%final price
Hsbc Holdings (HSBC)five days earlier-3.07%final price
Novartis Ag (NVS)that day+0.43%final price
Novartis Ag (NVS)three days earlier-1.66%final price
Novartis Ag (NVS)five days earlier-0.69%final price
Shell (SHEL)that day-0.94%final price
Shell (SHEL)three days earlier+4.08%final price
Shell (SHEL)five days earlier+8.57%final price
Vanguard Intl Equity Index F (VGK)that day-1.23%final price
Vanguard Intl Equity Index F (VGK)three days earlier-0.91%final price
Vanguard Intl Equity Index F (VGK)five days earlier-0.95%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 mentioned with this story

  • VGK Vanguard Intl Equity Index F

    Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions.” Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”)

  • BWX Spdr Series Trust

    Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions.” 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 6 Nov 2026 story “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe

  • ASML Asml Holding

    For “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions,” 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 (“europe”) reaches its shares

  • HSBC Hsbc Holdings

    For “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions,” 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 (“europe”) reaches its shares

  • SHEL Shell

    In “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions,” 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 (“europe”) reaches its shares

  • NVS Novartis Ag

    Novartis Ag (NVS) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions.” Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“europe”) reaches its shares

Vanguard Intl Equity Index F (VGK)

Vanguard Intl Equity Index F (VGK) is the company in “Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions,” the 6 Nov 2026 this story story.

The link for Vanguard Intl Equity Index F (VGK) is this: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”)

Also listed, Spdr Series Trust (BWX): 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.

What the saved facts support for Vanguard Intl Equity Index F (VGK)

46 out of 100

“Post-Midterms Market Rout Spreads to Europe Ahead of ECB Decisions” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.