Scalable Capital vs. Trade Republic: Which Robo-Advisor Is Best for European ETF Investors in 2026?

A surprisingly soft inflation report sent US equities higher on Monday, as investors grew more confident in the prospect of Federal Reserve rate cuts later this year. Major indexes posted solid gains, Treasury yields slipped, and the dollar lost steam after the data. ## Markets Rally on Tamer CPI The **S&P 500** advanced after June’s Consumer Price Index came in below expectations, fueling hopes that the Fed’s fight against inflation is gaining traction. The **Nasdaq Composite** outperformed, buoyed by renewed appetite for growth stocks. The **Dow Jones Industrial Average** also closed higher, as investors rotated back into risk assets. On the bond front, benchmark **10-year Treasury yields** fell as traders priced in a greater likelihood of monetary easing. The **US dollar index (DXY)** retreated, while major currencies like the euro strengthened. ## Key Movers: Tech Outperforms, Banks Mixed Tech led the charge, with heavyweight names in the S&P 500 and Nasdaq rebounding after a few choppy sessions. The inflation surprise revived buying interest in rate-sensitive sectors, particularly big tech and growth-oriented software stocks. Financials traded mixed, reflecting uncertainty about the timing and scope of potential Fed cuts. Commodity markets saw modest moves. Oil prices held steady amid ongoing supply concerns, while gold edged higher as lower yields and a weaker dollar improved its appeal as an alternative asset. For investors tracking European ETF platforms and brokerages, Monday’s market action may reinforce the importance of cost-effective access to global equities. Our recent review, "Broker App Showdown: Trade Republic vs. DEGIRO vs. Scalable Capital for European ETF Investing (2026 Review)", offers a deep dive into the latest platform features and pricing. ## What to Watch: Fed, Earnings Season, and Global Data Looking ahead, all eyes remain on the Federal Reserve’s next steps. Additional Fed speakers are scheduled this week, with investors parsing every comment for clues on the timing of rate cuts. The start of Q2 earnings season will also be in focus, as companies offer fresh guidance on margins and demand trends in a shifting macro environment. Globally, market participants are monitoring upcoming economic data from Europe and China, which could sway risk sentiment and cross-asset flows. For those considering passive ETF strategies amid volatility, our guide, "Interactive Brokers vs. Trade Republic: Best Broker for Passive ETF Buyers in 2026?", breaks down the pros and cons of leading platforms. With inflation cooling and central bank policy in flux, market direction remains data-dependent. Stay tuned for the latest updates as investors weigh earnings, economic signals, and policy shifts in the days ahead.