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Almost half of France's biggest companies report quarterly earnings between Thursday morning and Friday evening, the first set of numbers since socialist President Francois Hollande took office in May in the midst of en economic crisis.
Hollande has announced plans to raise taxes on businesses to raise funds needed to help reduce the gap between spending and tax receipts, and his anti-business stance has set alarm bells ringing, with many business leaders concerned his measures will make the country less competitive.
But in the face of austerity and economic gloom , some of the earnings released by 17 firms listed on the CAC40 index could surprise the market positively, Laurent Deydier, portfolio manager at Banque Jean-Philippe Hottinguer, told CNBC.com.
Aerospace giant EADS is expected to benefit from strong production gains driven by a full order book from emerging markets. Companies keen lower their energy and emission costs are also expected to have added to orders, Deydier said.
Another driver for EADS could be the dollar’s rise against the euro , he said, as the company had been suffering a lot over the past few years from a strong single currency.
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