SNB watches for second-round Swiss inflation effects as December rate hike bets build
Published . Updated .
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SNB Chairman Schlegel told Handelszeitung October’s 1.5% Swiss inflation, a near three-year high, surprised the central bank and that it won’t hesitate to…
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-2.4% 8d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Switzerland
- NVS Novartis AG-0.1% 14d
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+7.2% 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-18.0% 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+33.8% 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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWL | -3.64% | -2.31% | base | after close | after close | after close | after close |
| BWX | -0.60% | -0.53% | base | after close | after close | after close | after close |
| EFA | -1.31% | -1.92% | base | after close | after close | after close | after close |
| NVS | -2.40% | -2.15% | base | after close | after close | after close | after close |
| CB | -3.19% | -1.39% | base | after close | after close | after close | after close |
| BG | -1.12% | -2.88% | base | after close | after close | after close | after close |
| ONON | -15.04% | -7.94% | 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.
SNB watches for second-round Swiss inflation effects as December rate hike bets build investingLive
Source: investingLive
How far Ishares (EWL) has moved since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bunge Global (BG) | three days earlier | -2.88% | final price |
| Bunge Global (BG) | five days earlier | -1.12% | final price |
| Spdr Series Trust (BWX) | three days earlier | -0.53% | final price |
| Spdr Series Trust (BWX) | five days earlier | -0.60% | final price |
| Chubb (CB) | three days earlier | -1.39% | final price |
| Chubb (CB) | five days earlier | -3.19% | final price |
| Ishares Tr (EFA) | three days earlier | -1.92% | final price |
| Ishares Tr (EFA) | five days earlier | -1.31% | final price |
| Ishares (EWL) | three days earlier | -2.31% | final price |
| Ishares (EWL) | five days earlier | -3.64% | final price |
| Novartis Ag (NVS) | three days earlier | -2.15% | final price |
| Novartis Ag (NVS) | five days earlier | -2.40% | final price |
| On Holding AG (ONON) | three days earlier | -7.94% | final price |
| On Holding AG (ONON) | five days earlier | -15.04% | 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 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.
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 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 (EWL)
Companies carried with this story
- EWL Ishares
For “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” 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
For “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” 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 “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” 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
For “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” Novartis Ag (NVS) is linked, with no stored direction, medium confidence. 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 “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” 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 “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” 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
For “SNB watches for second-round Swiss inflation effects as December rate hike bets build,” 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
Ishares (EWL)
On 4 Nov 2026, “SNB watches for second-round Swiss inflation effects as December rate hike bets build” is the story that connects Ishares (EWL) to this story.
The link for Ishares (EWL) is this: iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”)
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 Switzerland
Dates and price levels for Ishares (EWL)
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
“SNB watches for second-round Swiss inflation effects as December rate hike bets build” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.