Inflation in eurozone rises to its highest level in three years in October
Published . Updated .
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Inflation in the eurozone rose to a three-year high in October, driven by a surge in energy prices from the Middle East conflict, according to official data published Wednesday. Price rises across the 21 countries sharing the European single currency accelerated to 4 per cent
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “energy prices” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “energy prices” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “energy prices” (tanker shipping) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eurozone”).
- FXE Invesco CurrencyShares Euro Trust-0.3% 9d
Invesco CurrencyShares Euro Trust follows the euro, whose moves this story covers.
- 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
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “energy prices” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| VGK | -0.30% | -0.05% | base | after close | after close | after close | after close |
| FXENo price data for this ticker | — | — | — | — | — | — | — |
| BWX | +0.16% | +0.49% | base | after close | after close | after close | after close |
| EFA | +0.59% | +0.25% | base | after close | after close | after close | after close |
| SHEL | +0.85% | +4.31% | base | after close | 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.
Inflation in eurozone rises to its highest level in three years in October Belga Share
Source: Belga Share
The price since 4 Nov 2026: Vanguard Intl Equity Index F (VGK) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| 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) | three days earlier | +0.25% | final price |
| Ishares Tr (EFA) | five days earlier | +0.59% | 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) | 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
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 56 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 12 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 89 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Kevin Hern sold Novartis Ag (NVS), worth $15,001 - $50,000 on 27 Aug 2026. That is 69 days before publication. Filed 25 Sep 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).
Where this story sits: Middle East
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Inflation in eurozone rises to its highest level in three years in October” is tagged to Middle East.
Who gains and who loses around Vanguard Intl Equity Index F (VGK)
Companies mentioned 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 “Inflation in eurozone rises to its highest level in three years in October.” Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eurozone”)
- BWX Spdr Series Trust
In “Inflation in eurozone rises to its highest level in three years in October,” 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 Europe
- EFA Ishares Tr
In “Inflation in eurozone rises to its highest level in three years in October,” 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 Europe
- ASML Asml Holding
Asml Holding (ASML) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Inflation in eurozone rises to its highest level in three years in October.” 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
Hsbc Holdings (HSBC) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Inflation in eurozone rises to its highest level in three years in October.” 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 “Inflation in eurozone rises to its highest level in three years in October.” 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
Novartis Ag (NVS) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Inflation in eurozone rises to its highest level in three years in October.” 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
What Middle East means for Vanguard Intl Equity Index F (VGK)
“Inflation in eurozone rises to its highest level in three years in October” (4 Nov 2026) reaches Vanguard Intl Equity Index F (VGK) through Middle East.
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”)
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 Europe
Dates and 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.
How strong the case is around Vanguard Intl Equity Index F (VGK)
46 out of 100
“Inflation in eurozone rises to its highest level in three years in October” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.