I am looking for an adjective to describe that an event occurring in the United States can have impact on the European market. The first word coming up to my mind is "transcontinental" and the sentence I write is
In building the model, we should also take into account the transcontinental effect of bankruptcy of the US banks.
However, I don't find "transcontinental" to be an ideal choice. According to the first search result returned by google, transcontinental means "(especially of a railway line) crossing a continent.", so it seems that it is more appropriate to use the word to describe a physical entity.
So can anyone recommend a more suitable word? Or maybe transcontinental is a good choice and I have some misunderstanding? Many thanks in advance!