Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023
Published . Updated .
Key takeaways
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.
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-1.5% 9d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Switzerland
- NVS Novartis AG+1.5% 15d
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+30.9% 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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWL | -2.50% | -1.35% | base | -0.85% | after close | after close | after close |
| BWX | -0.05% | -0.07% | base | -0.21% | after close | after close | after close |
| EFA | -0.13% | +0.62% | base | -0.37% | after close | after close | after close |
| NVS | -2.88% | -0.25% | base | -1.03% | after close | after close | after close |
| CB | -3.47% | -1.83% | base | -0.08% | after close | after close | after close |
| BG | +7.52% | +1.81% | base | +1.30% | after close | after close | after close |
| ONON | -9.48% | -7.71% | base | +2.67% | 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.
Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023 www.marketscreener.com
Source: www.marketscreener.com
Ishares (EWL) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bunge Global (BG) | that day | +1.30% | still updating |
| Bunge Global (BG) | three days earlier | +1.81% | final price |
| Bunge Global (BG) | five days earlier | +7.52% | final price |
| Spdr Series Trust (BWX) | that day | -0.21% | still updating |
| Spdr Series Trust (BWX) | three days earlier | -0.07% | final price |
| Spdr Series Trust (BWX) | five days earlier | -0.05% | final price |
| Chubb (CB) | that day | -0.08% | still updating |
| Chubb (CB) | three days earlier | -1.83% | final price |
| Chubb (CB) | five days earlier | -3.47% | final price |
| Ishares Tr (EFA) | that day | -0.37% | still updating |
| Ishares Tr (EFA) | three days earlier | +0.62% | final price |
| Ishares Tr (EFA) | five days earlier | -0.13% | final price |
| Ishares (EWL) | that day | -0.85% | still updating |
| Ishares (EWL) | three days earlier | -1.35% | final price |
| Ishares (EWL) | five days earlier | -2.50% | final price |
| Novartis Ag (NVS) | that day | -1.03% | still updating |
| Novartis Ag (NVS) | three days earlier | -0.25% | final price |
| Novartis Ag (NVS) | five days earlier | -2.88% | final price |
| On Holding AG (ONON) | that day | +2.67% | still updating |
| 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
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 55 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 68 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 40 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 41 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 60 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 mentioned with this story
- EWL Ishares
In “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023,” 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 “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023,” 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
Ishares Tr (EFA) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Switzerland
- NVS Novartis Ag
For “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023,” 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
For “Swiss Stocks Fall as Inflation Hits Highest Level 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
In “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023,” 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
On Holding AG (ONON) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023.” 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)
The 3 Nov 2026 story “Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023” 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
Dates in the story, and the Ishares (EWL) price range
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 Ishares (EWL)
46 out of 100Price not final
“Swiss Stocks Fall as Inflation Hits Highest Level Since December 2023” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.