Geopolitics Alpha

War, drought, inflation: How Sudan is edging closer to famine

Published . Updated .

Key takeaways

  • Exposed: ITA, XAR, PHO, AFK, EMB
  • Market reaction: XAR −3.9% on the day (still updating); ITA −3.0% on the day (still updating); EEM +1.7% on the day (still updating)

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DEFENSEWar, drought, inflation: How Sudanis edging closer to famineGEOPOLITICS ALPHA

This report is about defense and water.

Directly affected

  • No company is named in this report.

Indirectly affected

  • ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d

    SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • PHO Invesco Water Resources ETF

    Invesco Water Resources ETF: it holds water utilities and equipment makers. Linked by “drought” (water) in this story.

  • AFK VanEck Africa Index ETF

    VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“sudan”).

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 9d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Africa.

  • EEM iShares MSCI Emerging Markets ETF+0.0% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Africa

  • AWK American Water Works+6.3% 30d

    American Water Works (water supply): water utilities and equipment firms gain when water supply is in focus. Linked by “drought” (water) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ITA-4.02%-3.08%base-3.01%after closeafter closeafter close
XAR-3.84%-2.83%base-3.92%after closeafter closeafter close
PHO-4.90%-3.22%baseafter closeafter closeafter closeafter close
AFK+3.12%+0.00%baseafter closeafter closeafter closeafter close
EMB+0.26%+0.57%base+0.46%after closeafter closeafter close
EMLC+0.63%+0.43%base+0.70%after closeafter closeafter close
EEM+3.96%-0.13%base+1.72%after closeafter closeafter close
AWK-4.50%-1.39%base-0.03%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.

War, drought, inflation: How Sudan is edging closer to famine The New Arab

Source: The New Arab

IShares U.S. Aerospace & Defense ETF (ITA) compared with industrial stocks (XLI) since 4 Nov 2026

CompanyWhenMoveStatus
Vaneck Etf Trust (AFK)three days earlier0.00%final price
Vaneck Etf Trust (AFK)five days earlier+3.12%final price
American Water Works (AWK)that day-0.03%still updating
American Water Works (AWK)three days earlier-1.39%final price
American Water Works (AWK)five days earlier-4.50%final price
Ishares Tr (EEM)that day+1.72%still updating
Ishares Tr (EEM)three days earlier-0.13%final price
Ishares Tr (EEM)five days earlier+3.96%final price
Ishares Tr (EMB)that day+0.46%still updating
Ishares Tr (EMB)three days earlier+0.57%final price
Ishares Tr (EMB)five days earlier+0.26%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)that day+0.70%still updating
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)three days earlier+0.43%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)five days earlier+0.63%final price
IShares U.S. Aerospace & Defense ETF (ITA)that day-3.01%still updating
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier-3.08%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier-4.02%final price
Invesco Exchange Traded Fd T (PHO)three days earlier-3.22%final price
Invesco Exchange Traded Fd T (PHO)five days earlier-4.90%final price
Spdr Series Trust (XAR)that day-3.92%still updating
Spdr Series Trust (XAR)three days earlier-2.83%final price
Spdr Series Trust (XAR)five days earlier-3.84%final price

Who gains and who loses around IShares U.S. Aerospace & Defense ETF (ITA)

Companies mentioned with this story

  • ITA IShares U.S. Aerospace & Defense ETF

    IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “War, drought, inflation: How Sudan is edging closer to famine.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

  • XAR Spdr Series Trust

    In “War, drought, inflation: How Sudan is edging closer to famine,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

  • PHO Invesco Exchange Traded Fd T

    For “War, drought, inflation: How Sudan is edging closer to famine,” Invesco Exchange Traded Fd T (PHO) is linked, with no stored direction, medium confidence. Reason on file: Invesco Water Resources ETF: it holds water utilities and equipment makers. Linked by “drought” (water) in this story

  • AFK Vaneck Etf Trust

    Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “War, drought, inflation: How Sudan is edging closer to famine.” Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“sudan”)

  • EMB Ishares Tr

    Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “War, drought, inflation: How Sudan is edging closer to famine.” Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa

  • EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf

    For “War, drought, inflation: How Sudan is edging closer to famine,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Africa

  • EEM Ishares Tr

    For “War, drought, inflation: How Sudan is edging closer to famine,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Africa

  • AWK American Water Works

    In “War, drought, inflation: How Sudan is edging closer to famine,” American Water Works (AWK) is linked, with no stored direction, medium confidence. Reason on file: American Water Works (water supply): water utilities and equipment firms gain when water supply is in focus. Linked by “drought” (water) in this story

How defense news reaches IShares U.S. Aerospace & Defense ETF (ITA)

“War, drought, inflation: How Sudan is edging closer to famine” (4 Nov 2026) reaches IShares U.S. Aerospace & Defense ETF (ITA) through Defense.

What ties IShares U.S. Aerospace & Defense ETF (ITA) to the headline is this: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

Spdr Series Trust (XAR) is here too. Its reason reads: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

What this defense story puts on the calendar

ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. XAR traded between 210.89 and 237.55 across 20 sessions. The latest close on file is 231.04.

How solid the defense case looks

46 out of 100Price not final

“War, drought, inflation: How Sudan is edging closer to famine” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.