Geopolitics Alpha

Even Swiss Inflation Heads North

Published . Updated .

Key takeaways

  • Exposed: EWL, BWX, EFA, NVS, CB
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAEven Swiss Inflation Heads NorthGEOPOLITICS ALPHA

This report is about Switzerland.

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWL iShares MSCI Switzerland ETF

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

  • 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 Switzerland

  • EFA iShares MSCI EAFE ETF-1.5% 9d

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

  • NVS Novartis AG+1.5% 15d

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

  • CB Chubb+8.0% 30d

    Chubb (fire, marine and casualty insurance) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares.

  • BG Bunge Global-20.9% 30d

    Bunge Global (fats and oils) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares.

  • ONON On Holding AG+30.9% 30d

    On Holding AG (rubber and plastics footwear) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWL-1.70%+0.02%baseafter closeafter closeafter closeafter close
BWX+0.16%+0.49%baseafter closeafter closeafter closeafter close
EFA+0.59%+0.25%baseafter closeafter closeafter closeafter close
NVS-1.99%+0.99%baseafter closeafter closeafter closeafter close
CB-2.94%-0.61%baseafter closeafter closeafter closeafter close
BG+6.38%+2.04%baseafter closeafter closeafter closeafter close
ONON-12.61%-7.52%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.

Even Swiss Inflation Heads North Haver Analytics

Source: Haver Analytics

Price since this story was published: Ishares (EWL)

CompanyWhenMoveStatus
Bunge Global (BG)three days earlier+2.04%final price
Bunge Global (BG)five days earlier+6.38%final price
Spdr Series Trust (BWX)three days earlier+0.49%final price
Spdr Series Trust (BWX)five days earlier+0.16%final price
Chubb (CB)three days earlier-0.61%final price
Chubb (CB)five days earlier-2.94%final price
Ishares Tr (EFA)three days earlier+0.25%final price
Ishares Tr (EFA)five days earlier+0.59%final price
Ishares (EWL)three days earlier+0.02%final price
Ishares (EWL)five days earlier-1.70%final price
Novartis Ag (NVS)three days earlier+0.99%final price
Novartis Ag (NVS)five days earlier-1.99%final price
On Holding AG (ONON)three days earlier-7.52%final price
On Holding AG (ONON)five days earlier-12.61%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 Ishares (EWL)

Companies mentioned with this story

  • EWL Ishares

    In “Even Swiss Inflation Heads North,” Ishares (EWL) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”)

  • BWX Spdr Series Trust

    In “Even Swiss Inflation Heads North,” 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 Switzerland

  • EFA Ishares Tr

    In “Even Swiss Inflation Heads North,” 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 Switzerland

  • NVS Novartis Ag

    Novartis Ag (NVS) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Even Swiss Inflation Heads North.” Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares

  • CB Chubb

    In “Even Swiss Inflation Heads North,” Chubb (CB) is linked, with no stored direction, medium confidence. Reason on file: Chubb (fire, marine and casualty insurance) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares

  • BG Bunge Global

    For “Even Swiss Inflation Heads North,” Bunge Global (BG) is linked, with no stored direction, medium confidence. Reason on file: Bunge Global (fats and oils) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares

  • ONON On Holding AG

    In “Even Swiss Inflation Heads North,” On Holding AG (ONON) is linked, with no stored direction, medium confidence. Reason on file: On Holding AG (rubber and plastics footwear) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares

How “Even Swiss Inflation Heads North” reaches Ishares (EWL)

The 3 Nov 2026 story “Even Swiss Inflation Heads North” names Ishares (EWL) because of this story.

For Ishares (EWL), the reason on file says iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”)

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 Switzerland

The price range for Ishares (EWL), and the dates in the story

EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46.

What the saved facts support for Ishares (EWL)

46 out of 100

“Even Swiss Inflation Heads North” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.