Trade Republic’s New EUR-Denominated Crypto ETNs: Game-Changer or Gimmick?

U.S. stocks retreated on Monday after hotter-than-expected inflation data rattled investors, snapping a multi-day winning streak and raising fresh questions about the Federal Reserve's next move. The tech-heavy Nasdaq bore the brunt of the selloff as rate-sensitive shares tumbled. ## Markets Reverse Course on Inflation Jitters The **S&P 500** slipped **1.2%** to close at **4,630**, while the **Nasdaq Composite** dropped **1.7%** to finish at **16,080**. The **Dow Jones Industrial Average** shed **1.1%**, settling at **37,790**. Monday’s pullback came after the August Consumer Price Index (CPI) showed annual inflation running at **3.8%**, above the consensus estimate of **3.5%**. Core CPI, which strips out food and energy, also overshot forecasts, rising **0.4%** month-over-month. The hotter print sent Treasury yields sharply higher. The **10-year U.S. Treasury yield** climbed to **4.31%**, its highest level since August, as traders priced in the possibility of another Fed rate hike this year. In commodities, **WTI crude oil** edged up to **$90.10 per barrel**, holding near recent highs as supply concerns persisted. **Gold** slipped to **$1,945 an ounce**, reflecting a move into cash and the impact of higher yields. On the currency front, the **U.S. Dollar Index (DXY)** strengthened to **106.1**, its best level in over six months. The **EUR/USD** pair fell to **1.059**, as the greenback’s rally accelerated on renewed rate hike bets. For European investors tracking EUR-denominated assets, currency moves remain a pivotal factor—see our latest analysis of the best EUR-denominated accumulating ETFs for strategies to navigate FX swings. ## Tech and Consumer Discretionary Lead Declines Technology was the weakest sector as rising yields weighed on growth valuations. **Apple (AAPL)** slid **2.3%**, while **Nvidia (NVDA)** dropped **3.1%** after analysts flagged cautious guidance ahead of its earnings call later this week. **Tesla (TSLA)** fell **2.8%** as EV sector volatility continued. Consumer discretionary names also lagged, with **Amazon (AMZN)** down **2.4%** and **Nike (NKE)** retreating **1.9%**. Higher inflation readings raised concerns about consumer spending resilience heading into the holiday season. In contrast, energy stocks found support from firm oil prices. **ExxonMobil (XOM)** and **Chevron (CVX)** both gained over **1%**, bucking the broader market downtrend. The ETF space saw active flows as investors reassessed rate risk. For those weighing exposure to U.S. equities via accumulating ETFs, it’s worth revisiting the IWDA vs. CSPX S&P 500 ETF comparison to understand which structure best fits the current environment. Additionally, with the **VWCE ETF** recently hitting a new all-time high, some European investors are questioning whether to keep adding at these levels—read our latest take here. ## What to Watch All eyes now turn to the Federal Reserve’s policy meeting next week. Markets will be parsing every word from Chair Powell for signals on rate path and inflation tolerance. August retail sales data, due Wednesday, will offer another critical read on the strength of the U.S. consumer in the face of persistent price pressures. Earnings season is also kicking into gear, with major tech names set to report results that could sway sentiment for the rest of September. For European investors, currency volatility and platform fees remain top of mind—see our guides on avoiding FX conversion costs and setting up automated EUR investment plans to keep your portfolio on track. Stay tuned as we track inflation’s impact, the Fed’s next moves, and the ongoing tug-of-war between growth and value in global markets.