German inflation eases to 2.8% in October as expected
Published . Updated .
Key takeaways
- Germany's consumer price inflation eased to a three-month low in October, as estimated, driven by the moderation in energy price growth, final data from the statistical office Destatis showed on Wednesday.
- Exposed: EWG, BWX, EFA, SAP, BNTX
- Market reaction: BWX −0.6% on the day (still updating); EWG −0.5% on the day (still updating); FMS −1.0% on the day (still updating)
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Germany's consumer price inflation eased to a three-month low in October, as estimated, driven by the moderation in energy price growth, final data from the statistical office Destatis showed on Wednesday. The consumer price index rose 2.
Directly affected
- No company is named in this report.
Indirectly affected
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- EWG iShares MSCI Germany ETF-1.6% 15d
iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”).
- 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 Germany
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Germany
- WMT Walmart+20.2% 30d
Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- AMZN Amazon.com+8.7% 30d
Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- COST Costco Wholesale+17.1% 30d
Costco Wholesale (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XRT | +1.39% | -3.19% | base | -1.26% | after close | after close | after close |
| XLY | +1.02% | -2.89% | base | -0.55% | after close | after close | after close |
| EWG | +1.32% | -3.11% | base | -0.51% | after close | after close | after close |
| BWX | +0.44% | +0.07% | base | -0.63% | after close | after close | after close |
| EFA | +1.31% | -2.38% | base | -0.25% | after close | after close | after close |
| WMT | +2.97% | -0.02% | base | -1.30% | after close | after close | after close |
| AMZN | -1.76% | -4.23% | base | -1.61% | after close | after close | after close |
| COST | -1.85% | -1.20% | base | +1.05% | after close | after close | after 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.
German inflation eases to 2.8% in October as expected Yahoo Finance
Source: Yahoo Finance
Ishares (EWG) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| AMZN | that day | -1.61% | still updating |
| AMZN | three days earlier | -4.23% | final price |
| AMZN | five days earlier | -1.76% | final price |
| Spdr Series Trust (BWX) | that day | -0.63% | still updating |
| Spdr Series Trust (BWX) | three days earlier | +0.07% | final price |
| Spdr Series Trust (BWX) | five days earlier | +0.44% | final price |
| COST | that day | +1.05% | still updating |
| COST | three days earlier | -1.20% | final price |
| COST | five days earlier | -1.85% | final price |
| Ishares Tr (EFA) | that day | -0.25% | still updating |
| Ishares Tr (EFA) | three days earlier | -2.38% | final price |
| Ishares Tr (EFA) | five days earlier | +1.31% | final price |
| Ishares (EWG) | that day | -0.51% | still updating |
| Ishares (EWG) | three days earlier | -3.11% | final price |
| Ishares (EWG) | five days earlier | +1.32% | final price |
| WMT | that day | -1.30% | still updating |
| WMT | three days earlier | -0.02% | final price |
| WMT | five days earlier | +2.97% | final price |
| XLY | that day | -0.55% | still updating |
| XLY | three days earlier | -2.89% | final price |
| XLY | five days earlier | +1.02% | final price |
| XRT | that day | -1.26% | still updating |
| XRT | three days earlier | -3.19% | final price |
| XRT | five days earlier | +1.39% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 15 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 75 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Michael T. McCaul sold Sap Se (SAP) (held by a spouse), worth $1,001 - $15,000 on 31 Aug 2026. That is 72 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Sap Se (SAP) (held by a spouse), worth $1,001 - $15,000 on 21 Aug 2026. That is 82 days before publication. Filed 14 Oct 2026. View the filing.
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 (EWG)
Companies carried with this story
- EWG Ishares
Ishares (EWG) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “German inflation eases to 2.8% in October as expected.” Reason on file: iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “German inflation eases to 2.8% in October as expected.” 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 Germany
- EFA Ishares Tr
For “German inflation eases to 2.8% in October as expected,” 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 Germany
- SAP Sap Se
In “German inflation eases to 2.8% in October as expected,” Sap Se (SAP) is linked, with no stored direction, medium confidence. Reason on file: Sap Se (prepackaged software) is one of the largest Germany-based companies traded in the US, so news about Germany (“german”) reaches its shares
- BNTX BioNTech SE
For “German inflation eases to 2.8% in October as expected,” BioNTech SE (BNTX) is linked, with no stored direction, medium confidence. Reason on file: BioNTech SE (biological products, (no diagnostic substances)) is one of the largest Germany-based companies traded in the US, so news about Germany (“german”) reaches its shares
- FMS Fresenius Medical Care AG
Fresenius Medical Care AG (FMS) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “German inflation eases to 2.8% in October as expected.” Reason on file: Fresenius Medical Care AG (misc health and allied services) is one of the largest Germany-based companies traded in the US, so news about Germany (“german”) reaches its shares
- TRVG trivago N.V
In “German inflation eases to 2.8% in October as expected,” trivago N.V (TRVG) is linked, with no stored direction, medium confidence. Reason on file: trivago N.V (computer processing and data preparation) is one of the largest Germany-based companies traded in the US, so news about Germany (“german”) reaches its shares
How “German inflation eases to 2.8% in October as expected” reaches Ishares (EWG)
The 11 Nov 2026 story “German inflation eases to 2.8% in October as expected” names Ishares (EWG) because of this story.
For Ishares (EWG), the reason on file says iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”)
Also listed, Spdr Series Trust (BWX): SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Germany
Price levels for Ishares (EWG)
EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46. EWG traded between 40.30 and 42.32 across 12 sessions. The latest close on file is 41.20.
How strong the case is around Ishares (EWG)
46 out of 100Price not final
“German inflation eases to 2.8% in October as expected” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.