European Firms Shake Off Uncertain Year as 2026 Confidence Grows

European companies are shaking off some of the uncertainty that dominated most of 2025 and turning their attention to what looks to be a much brighter year ahead.

Mentions of “uncertainty” on European companies’ earnings calls slipped below the five-year average over the course of the third-quarter earnings season, and is at the lowest this year after peaking over the second quarter, a Bloomberg review of transcripts shows.