Geopolitics Alpha

View from Europe: US midterm elections: unfulfilled economic promises

Published . Updated .

Key takeaways

  • Exposed: VGK, ASML, HSBC, SHEL, NVS
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAView from Europe: US midtermelections: unfulfilled economicpromisesGEOPOLITICS 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”).

  • 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 (“europe”) 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 (“europe”) 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 (“europe”) 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 (“europe”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
VGK-1.15%+0.07%baseafter closeafter closeafter closeafter close
ASML+7.22%+9.85%baseafter closeafter closeafter closeafter close
HSBC+0.10%+0.79%baseafter closeafter closeafter closeafter close
SHEL-0.17%+2.59%baseafter closeafter closeafter closeafter close
NVS-2.88%-0.25%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.

View from Europe: US midterm elections: unfulfilled economic promises American Journal of Transportation

Source: American Journal of Transportation

How far Vanguard Intl Equity Index F (VGK) has moved since 3 Nov 2026

CompanyWhenMoveStatus
Asml Holding (ASML)three days earlier+9.85%final price
Asml Holding (ASML)five days earlier+7.22%final price
Hsbc Holdings (HSBC)three days earlier+0.79%final price
Hsbc Holdings (HSBC)five days earlier+0.10%final price
Novartis Ag (NVS)three days earlier-0.25%final price
Novartis Ag (NVS)five days earlier-2.88%final price
Shell (SHEL)three days earlier+2.59%final price
Shell (SHEL)five days earlier-0.17%final price
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

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 carried with this story

  • VGK Vanguard Intl Equity Index F

    In “View from Europe: US midterm elections: unfulfilled economic promises,” 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 (“europe”)

  • ASML Asml Holding

    For “View from Europe: US midterm elections: unfulfilled economic promises,” 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

    In “View from Europe: US midterm elections: unfulfilled economic promises,” 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

    Shell (SHEL) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “View from Europe: US midterm elections: unfulfilled economic promises.” 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

    In “View from Europe: US midterm elections: unfulfilled economic promises,” 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 (“europe”) reaches its shares

Vanguard Intl Equity Index F (VGK)

The 3 Nov 2026 story “View from Europe: US midterm elections: unfulfilled economic promises” names Vanguard Intl Equity Index F (VGK) because of this story.

What ties Vanguard Intl Equity Index F (VGK) to the headline is this: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”)

Also listed, Asml Holding (ASML): 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

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.

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

40 out of 100

“View from Europe: US midterm elections: unfulfilled economic promises” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.