Sylvain Barrette

Michael Field, Morningstar’s chief market strategist for Europe, opened the market outlook webinar on 8 October 2026 by describing the year as a topsy-turvy period marked by the war in Iran and lingering geopolitical shocks. Yet corporate earnings growth has remained resilient and major indexes hover close to record highs. Field outlined a European market landscape defined by subtle valuation discounts, stark country-level divergences, and selective sector opportunities.

At the Luxembourg Investment Forum, Michel Bourgon (second to the right) of Degroof Petercam cited Moderna’s integration of HR and technology, saying the company now compares the cost of hiring employees with that of using AI. Treasury yields above 5% should be hurting equities, according to market research.

On 7 October 2026, Amundi Investment Institute’s Anna Rosenberg, head of geopolitics, and Valentine Ainouz, head of global fixed income strategy, discussed with Paperjam the global implications of geopolitical tensions across the US, Europe, the Middle East, and Asia. Persistent conflict, rising debt and supply shocks are rewriting the investment outlook.