Geopolitics Alpha

The Irish Times view on the latest inflation figures: a worrying indicator

Published . Updated .

Key takeaways

  • Exposed: VGK, BWX, EFA, ASML, HSBC
  • Market reaction: VGK −0.5% on the day (still updating); BWX −0.2% on the day (still updating); ASML +2.0% on the day (still updating)

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GEOPOLITICS ALPHAThe Irish Times view on the latestinflation figures: a worryingindicatorGEOPOLITICS ALPHA

This report is about Europe.

Directly affected

  • No company is named in this report.

Indirectly affected

  • VGK Vanguard FTSE Europe ETF

    Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“irish”).

  • 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-1.8% 10d

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

  • ASML ASML Holding N.V-0.1% 17d

    ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“irish”) reaches its shares.

  • HSBC HSBC Holdings-7.7% 17d

    HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“irish”) reaches its shares.

  • SHEL Shell-2.5% 12d

    Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“irish”) reaches its shares.

  • NVS Novartis AG+1.5% 16d

    Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“irish”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
VGK-1.15%+0.07%base-0.53%after closeafter closeafter close
BWX-0.05%-0.07%base-0.16%after closeafter closeafter close
EFA-0.13%+0.62%base-0.50%after closeafter closeafter close
ASML+7.22%+9.85%base+2.04%after closeafter closeafter close
HSBC+0.10%+0.79%base-1.53%after closeafter closeafter close
SHEL-0.17%+2.59%base-0.82%after closeafter closeafter close
NVS-2.88%-0.25%base-1.01%after 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.

The Irish Times view on the latest inflation figures: a worrying indicator The Irish Times

Source: The Irish Times

Price since this story was published: Vanguard Intl Equity Index F (VGK)

CompanyWhenMoveStatus
Asml Holding (ASML)that day+2.04%still updating
Asml Holding (ASML)three days earlier+9.85%final price
Asml Holding (ASML)five days earlier+7.22%final price
Spdr Series Trust (BWX)that day-0.16%still updating
Spdr Series Trust (BWX)three days earlier-0.07%final price
Spdr Series Trust (BWX)five days earlier-0.05%final price
Ishares Tr (EFA)that day-0.50%still updating
Ishares Tr (EFA)three days earlier+0.62%final price
Ishares Tr (EFA)five days earlier-0.13%final price
Hsbc Holdings (HSBC)that day-1.53%still updating
Hsbc Holdings (HSBC)three days earlier+0.79%final price
Hsbc Holdings (HSBC)five days earlier+0.10%final price
Novartis Ag (NVS)that day-1.01%still updating
Novartis Ag (NVS)three days earlier-0.25%final price
Novartis Ag (NVS)five days earlier-2.88%final price
Shell (SHEL)that day-0.82%still updating
Shell (SHEL)three days earlier+2.59%final price
Shell (SHEL)five days earlier-0.17%final price
Vanguard Intl Equity Index F (VGK)that day-0.53%still updating
Vanguard Intl Equity Index F (VGK)three days earlier+0.07%final price
Vanguard Intl Equity Index F (VGK)five days earlier-1.15%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 Vanguard Intl Equity Index F (VGK)

Companies mentioned with this story

  • VGK Vanguard Intl Equity Index F

    In “The Irish Times view on the latest inflation figures: a worrying indicator,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“irish”)

  • BWX Spdr Series Trust

    Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “The Irish Times view on the latest inflation figures: a worrying indicator.” 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

    For “The Irish Times view on the latest inflation figures: a worrying indicator,” 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

    In “The Irish Times view on the latest inflation figures: a worrying indicator,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. 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 (“irish”) reaches its shares

  • HSBC Hsbc Holdings

    For “The Irish Times view on the latest inflation figures: a worrying indicator,” Hsbc Holdings (HSBC) is linked, with no stored direction, medium confidence. 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 (“irish”) reaches its shares

  • SHEL Shell

    Shell (SHEL) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “The Irish Times view on the latest inflation figures: a worrying indicator.” 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 (“irish”) reaches its shares

  • NVS Novartis Ag

    For “The Irish Times view on the latest inflation figures: a worrying indicator,” Novartis Ag (NVS) is linked, with no stored direction, medium confidence. Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“irish”) reaches its shares

Vanguard Intl Equity Index F (VGK)

On 3 Nov 2026, “The Irish Times view on the latest inflation figures: a worrying indicator” is the story that connects Vanguard Intl Equity Index F (VGK) to this story.

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 (“irish”)

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 Europe

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 100Price not final

“The Irish Times view on the latest inflation figures: a worrying indicator” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.