Geopolitics Alpha

Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?

Published . Updated .

Key takeaways

  • Comparing Australia to other countries may not be much comfort but does offer some perspective on the economy
  • Exposed: XLRE, XHB, EWA, BWX, EFA
  • Market reaction: XHB +5.5% on the day; XLRE +3.3% on the day; DHI +8.1% on the day

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?

Comparing Australia to other countries may not be much comfort but does offer some perspective on the economy

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWA iShares MSCI Australia ETF-0.0% 30d

    iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).

  • 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 Australia

  • EFA iShares MSCI EAFE ETF-2.4% 8d

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

  • BHP BHP Group-8.6% 30d

    BHP Group (metal mining) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.

  • IREN Iren-36.9% 30d

    Iren (finance services) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.

  • MESO Mesoblast

    Mesoblast (biological products, (no diagnostic substances)) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWA+1.62%+1.58%base+2.44%after closeafter closeafter close
BWX+0.16%+0.49%base+0.87%after closeafter closeafter close
EFA+0.59%+0.25%base+2.55%after closeafter closeafter close
BHP+5.35%+1.40%base+2.54%after closeafter closeafter close
IREN+17.77%-2.10%base-10.70%after closeafter closeafter close
MESO-9.41%+2.37%base-3.35%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.

Comparing Australia to other countries may not be much comfort but does offer some perspective on the economy Get our breaking news email , free app or daily news podcast Is Australia’s inflation problem worse than the rest of the world’s?…

Source: The Guardian

The price since 4 Nov 2026: Select Sector Spdr Tr (XLRE) versus the S&P 500

CompanyWhenMoveStatus
BHPthat day+2.54%final price
BHPthree days earlier+1.40%final price
BHPfive days earlier+5.35%final price
Spdr Series Trust (BWX)that day+0.87%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)that day+2.55%final price
Ishares Tr (EFA)three days earlier+0.25%final price
Ishares Tr (EFA)five days earlier+0.59%final price
Ishares Inc Msci Australia Etf (EWA)that day+2.44%final price
Ishares Inc Msci Australia Etf (EWA)three days earlier+1.58%final price
Ishares Inc Msci Australia Etf (EWA)five days earlier+1.62%final price
IRENthat day-10.70%final price
IRENthree days earlier-2.10%final price
IRENfive days earlier+17.77%final price
MESOthat day-3.35%final price
MESOthree days earlier+2.37%final price
MESOfive days earlier-9.41%final price

Trades by members of Congress and officials 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 Select Sector Spdr Tr (XLRE)

Companies carried with this story

  • XLRE Select Sector Spdr Tr

    For “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” Select Sector Spdr Tr (XLRE) is linked, with no stored direction, medium confidence. Reason on file: Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story

  • XHB State Street Spdr S&P Homebuilders Etf

    In “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” State Street Spdr S&P Homebuilders Etf (XHB) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story

  • EWA Ishares Inc Msci Australia Etf

    Ishares Inc Msci Australia Etf (EWA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?.” Reason on file: iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”)

  • BWX Spdr Series Trust

    In “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” 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 Australia

  • EFA Ishares Tr

    In “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” 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 Australia

  • PLD Prologis

    For “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” Prologis (PLD) is linked, with no stored direction, medium confidence. Reason on file: Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story

  • DHI Horton D R

    For “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story

  • LEN Lennar

    For “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?,” Lennar (LEN) is linked, with no stored direction, medium confidence. Reason on file: Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story

Select Sector Spdr Tr (XLRE)

The 4 Nov 2026 story “Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?” names Select Sector Spdr Tr (XLRE) because of this story.

What ties Select Sector Spdr Tr (XLRE) to the headline is this: Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story

State Street Spdr S&P Homebuilders Etf (XHB) is here too. Its reason reads: SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story

Price levels for Select Sector Spdr Tr (XLRE)

EWA traded between 27.76 and 29.31 across 20 sessions. The latest close on file is 29.12. XHB traded between 91.93 and 104.89 across 20 sessions. The latest close on file is 101.97. XLRE traded between 40.28 and 43.70 across 20 sessions. The latest close on file is 43.64.

How strong the case is around Select Sector Spdr Tr (XLRE)

46 out of 100

“Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.