Speech by Commissioner Lahbib at the Opening of the European Civil Protection Forum
Published . Updated .
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European Commission Speech Brussels, 03 Nov 2026 Allow me to start with a personal memory. Twenty-five years ago, I was in Afghanistan as a young reporter for Belgian television. It was autumn 2001. The war ha...
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF-3.0% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-6.6% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- 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 |
|---|---|---|---|---|---|---|---|
| ITA | -3.96% | -0.11% | base | after close | after close | after close | after close |
| XAR | -2.82% | +1.94% | base | after close | after close | after close | after close |
| VGK | -1.15% | +0.07% | base | after close | after close | after close | after close |
| ASML | +7.22% | +9.85% | base | after close | after close | after close | after close |
| HSBC | +0.10% | +0.79% | base | after close | after close | after close | after close |
| SHEL | -0.17% | +2.59% | base | after close | after close | after close | after close |
| NVS | -2.88% | -0.25% | base | after close | 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 Commission Speech Brussels, 03 Nov 2026 Allow me to start with a personal memory. Twenty-five years ago, I was in Afghanistan as a young reporter for Belgian television. It was autumn 2001. The war ha...
Source: European Commission
Defense
| Company | When | Move | Status |
|---|---|---|---|
| ASML | three days earlier | +9.85% | final price |
| ASML | five days earlier | +7.22% | final price |
| HSBC | three days earlier | +0.79% | final price |
| HSBC | five days earlier | +0.10% | final price |
| ITA | three days earlier | -0.11% | final price |
| ITA | five days earlier | -3.96% | final price |
| NVS | three days earlier | -0.25% | final price |
| NVS | five days earlier | -2.88% | final price |
| SHEL | three days earlier | +2.59% | final price |
| SHEL | five days earlier | -0.17% | final price |
| VGK | three days earlier | +0.07% | final price |
| VGK | five days earlier | -1.15% | final price |
| XAR | three days earlier | +1.94% | final price |
| XAR | five days earlier | -2.82% | 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 solid the defense case looks
12 out of 100
“Speech by Commissioner Lahbib at the Opening of the European Civil Protection Forum” scores 12 out of 100. The score uses 1 sources.