Geopolitics Alpha

Swiss Inflation Climbs More Than Expected

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 ALPHASwiss Inflation Climbs More ThanExpectedGEOPOLITICS 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-1.8% 10d

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

  • NVS Novartis AG+1.5% 16d

    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+32.9% 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-2.50%-1.35%baseafter closeafter closeafter closeafter close
BWX-0.05%-0.07%baseafter closeafter closeafter closeafter close
EFA-0.13%+0.62%baseafter closeafter closeafter closeafter close
NVS-2.88%-0.25%baseafter closeafter closeafter closeafter close
CB-3.47%-1.83%baseafter closeafter closeafter closeafter close
BG+7.52%+1.81%baseafter closeafter closeafter closeafter close
ONON-9.48%-7.71%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.

Swiss Inflation Climbs More Than Expected TradingView

Source: TradingView

Ishares (EWL) since “Swiss Inflation Climbs More Than Expected,” compared with the market

CompanyWhenMoveStatus
Bunge Global (BG)three days earlier+1.81%final price
Bunge Global (BG)five days earlier+7.52%final price
Spdr Series Trust (BWX)three days earlier-0.07%final price
Spdr Series Trust (BWX)five days earlier-0.05%final price
Chubb (CB)three days earlier-1.83%final price
Chubb (CB)five days earlier-3.47%final price
Ishares Tr (EFA)three days earlier+0.62%final price
Ishares Tr (EFA)five days earlier-0.13%final price
Ishares (EWL)three days earlier-1.35%final price
Ishares (EWL)five days earlier-2.50%final price
Novartis Ag (NVS)three days earlier-0.25%final price
Novartis Ag (NVS)five days earlier-2.88%final price
On Holding AG (ONON)three days earlier-7.71%final price
On Holding AG (ONON)five days earlier-9.48%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 tied to this story

  • EWL Ishares

    In “Swiss Inflation Climbs More Than Expected,” 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

    Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss Inflation Climbs More Than 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 Switzerland

  • EFA Ishares Tr

    Ishares Tr (EFA) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss Inflation Climbs More Than Expected.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Switzerland

  • NVS Novartis Ag

    In “Swiss Inflation Climbs More Than Expected,” 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 “Swiss Inflation Climbs More Than Expected,” 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

    Bunge Global (BG) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss Inflation Climbs More Than Expected.” 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

    On Holding AG (ONON) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss Inflation Climbs More Than Expected.” 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 “Swiss Inflation Climbs More Than Expected” reaches Ishares (EWL)

The 3 Nov 2026 story “Swiss Inflation Climbs More Than Expected” names Ishares (EWL) because of 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

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.

A simple score for Ishares (EWL)

46 out of 100

“Swiss Inflation Climbs More Than Expected” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.