Geopolitics Alpha

Eurozone Headline Inflation Ticks Up While Core Holds Steady

Published . Updated .

Key takeaways

  • Exposed: VGK, BWX, EFA, ASML, HSBC
  • Market reaction: VGK +2.9% on the day; BWX +0.9% on the day; HSBC +5.8% on the day

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GEOPOLITICS ALPHAEurozone Headline Inflation TicksUp While Core Holds SteadyGEOPOLITICS 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 (“eurozone”).

  • 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-1.5% 9d

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

  • ASML ASML Holding N.V-0.8% 16d

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

  • HSBC HSBC Holdings-6.5% 16d

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

  • NVS Novartis AG+1.5% 15d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
VGK-0.30%-0.05%base+2.91%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
ASML+7.25%+0.88%base-3.59%after closeafter closeafter close
HSBC+2.25%+1.01%base+5.76%after closeafter closeafter close
SHEL+0.85%+4.31%base-2.29%after closeafter closeafter close
NVS-1.99%+0.99%base+3.62%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.

Eurozone Headline Inflation Ticks Up While Core Holds Steady StoneX

Source: StoneX

How far Vanguard Intl Equity Index F (VGK) has moved since 4 Nov 2026

CompanyWhenMoveStatus
Asml Holding (ASML)that day-3.59%final price
Asml Holding (ASML)three days earlier+0.88%final price
Asml Holding (ASML)five days earlier+7.25%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
Hsbc Holdings (HSBC)that day+5.76%final price
Hsbc Holdings (HSBC)three days earlier+1.01%final price
Hsbc Holdings (HSBC)five days earlier+2.25%final price
Novartis Ag (NVS)that day+3.62%final price
Novartis Ag (NVS)three days earlier+0.99%final price
Novartis Ag (NVS)five days earlier-1.99%final price
Shell (SHEL)that day-2.29%final price
Shell (SHEL)three days earlier+4.31%final price
Shell (SHEL)five days earlier+0.85%final price
Vanguard Intl Equity Index F (VGK)that day+2.91%final price
Vanguard Intl Equity Index F (VGK)three days earlier-0.05%final price
Vanguard Intl Equity Index F (VGK)five days earlier-0.30%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

    Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Eurozone Headline Inflation Ticks Up While Core Holds Steady.” Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eurozone”)

  • BWX Spdr Series Trust

    Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Eurozone Headline Inflation Ticks Up While Core Holds Steady.” 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 4 Nov 2026 story “Eurozone Headline Inflation Ticks Up While Core Holds Steady.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe

  • ASML Asml Holding

    Asml Holding (ASML) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Eurozone Headline Inflation Ticks Up While Core Holds Steady.” 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 (“eurozone”) reaches its shares

  • HSBC Hsbc Holdings

    In “Eurozone Headline Inflation Ticks Up While Core Holds Steady,” 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 (“eurozone”) reaches its shares

  • SHEL Shell

    Shell (SHEL) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Eurozone Headline Inflation Ticks Up While Core Holds Steady.” 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 (“eurozone”) reaches its shares

  • NVS Novartis Ag

    In “Eurozone Headline Inflation Ticks Up While Core Holds Steady,” 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 (“eurozone”) reaches its shares

How “Eurozone Headline Inflation Ticks Up While Core Holds Steady” reaches Vanguard Intl Equity Index F (VGK)

Vanguard Intl Equity Index F (VGK) is the company in “Eurozone Headline Inflation Ticks Up While Core Holds Steady,” the 4 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 (“eurozone”)

Spdr Series Trust (BWX) is here too. Its reason reads: 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

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.

A simple score for Vanguard Intl Equity Index F (VGK)

46 out of 100

“Eurozone Headline Inflation Ticks Up While Core Holds Steady” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.