Geopolitics Alpha

Swiss inflation climbs to 1.5%, highest since December 2023

Published . Updated .

Key takeaways

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

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

GEOPOLITICS ALPHASwiss inflation climbs to 1.5%,highest since December 2023GEOPOLITICS 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 to 1.5%, highest since December 2023 Yahoo Finance

Source: Yahoo Finance

How far Ishares (EWL) has moved since 3 Nov 2026

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 is named in “Swiss inflation climbs to 1.5%, highest since December 2023”

Companies tied to this story

  • EWL Ishares

    Ishares (EWL) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss inflation climbs to 1.5%, highest since December 2023.” 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 to 1.5%, highest since December 2023.” 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

    For “Swiss inflation climbs to 1.5%, highest since December 2023,” 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 “Swiss inflation climbs to 1.5%, highest since December 2023.” 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 to 1.5%, highest since December 2023,” 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 to 1.5%, highest since December 2023.” 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 “Swiss inflation climbs to 1.5%, highest since December 2023,” 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 “Swiss inflation climbs to 1.5%, highest since December 2023” reaches Ishares (EWL)

The 3 Nov 2026 story “Swiss inflation climbs to 1.5%, highest since December 2023” names Ishares (EWL) because of this story.

Ishares (EWL) is on the page because iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”)

A second company, Spdr Series Trust (BWX), is listed for a different reason: 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

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

“Swiss inflation climbs to 1.5%, highest since December 2023” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.