21:04 28 July 2025
Intel exits Polish project
European Union leaders have accepted a trade agreement largely on U.S. terms, prompting skepticism among investors. Though the EUR/USD rate initially rose, it quickly reversed. The WIG20 index nearly hit 3,000 points before retreating to 2,906, while Germany’s DAX dropped over 1%. The deal imposes a flat 15% tariff on EU goods entering the U.S. from August 1. Analysts noted it avoided worse—Trump had threatened 30%. In exchange, the EU pledged $750 billion for U.S. raw materials and $600 billion in overseas investment, including U.S. arms.
DM BOŚ analyst Marek Rogalski called it “a choice of the lesser evil.” VeloBank economist Piotr Arak warned the agreement is likely unenforceable and could be used by the U.S. to accuse the EU of non-compliance. Still, both experts expect market stability ahead, with Arak predicting ECB rate cuts and renewed euro strength, while Rogalski sees Wall Street benefiting most.
