(BFW) Chanel to Cut Leather-Goods Prices in China, Le Monde Says

--> -ve for MC. UHR
BN 03/17 08:56 *LE MONDE CITES CHANEL'S BRUNO PAVLOVSKI ON CHINA PRICE CUTS
BN 03/17 08:55 *CHANEL TO CUT PRICES IN CHINA, LE MONDE SAYS
Chanel to Cut Leather-Goods Prices in China, Le Monde Says
2015-03-17 09:01:47.624 GMT


By David Whitehouse
(Bloomberg) -- Perfume prices not affected, Le Monde says,
citing Bruno Pavlovski, Chanel’s head of leather goods and
clothes.
* Chinese prices should not exceed euro prices by more than
5%, and should be no more than 10% more than those in the
rest of the world: Le Monde
* Price difference for bags between Paris and China has become
a brand issue, Le Monde cites Pavlovski as saying.


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(BFW) Publicis Buys 2,406,873 of Own Shrs From Badinter Family

ONE 03/17 08:08 Publicis Groupe: Share Buyback
BN 03/17 08:09 *PUBLICIS BUYS SHARES AT PRICE OF 73.03 EU/SHR
BN 03/17 08:09 *PUBLICIS BUYS 2,406,873 OF OWN SHRS FROM BADINTER FAMILY
BN 03/17 08:08 *PUBLICIS GROUPE: SHR BUYBACK
Publicis Buys 2,406,873 of Own Shrs From Badinter Family
2015-03-17 08:21:48.632 GMT


By Angeline Benoit
(Bloomberg) -- Publicis Groupe buy-back amounts to EU176m
at a price of EU73.03 per share, co. says in e-mailed statement
today.
* Transaction is part of buy-back program approved by the
General Shareholders Meeting held on May 28, 2014
* Elisabeth Badinter remains the first shareholder in the
company; family group holding at 7.58% of share capital and
13.88% of voting rights following sale
* Share buy-back financed by Publicis Groupe’s available cash
resources

Link to Statement:Link
Link to Company News:{PUB FP <Equity> CN <GO>}

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To contact the reporter on this story:
Angeline Benoit in Paris at +33-15365-5073 or
abenoit4@bloomberg.net

To contact the editor responsible for this story:
Angeline Benoit at +33-15365-5073 or
abenoit4@bloomberg.net

>>> What to look at today - 17th of March 2015

Dow +1.29% S&P +1.35% Nasdaq +1.19% Russell +0.62% VIX @ 15.61 -2.44%
Market rebound above its 50d MA, Unperturbed by disappointing economic data, equity indices rallied out of the gate and registered the bulk of their gains during the first hour of action. Countercyclical health care (+2.2%) and utilities (+1.7%) held the lead throughout the session, but most other sectors also posted solid gains. Material sector was the only sector in nthe red (DD -4.3%), another commodity-linked sector—energy—began the day in negative territory, but rebounded to end higher by 1.4% even as crude oil dropped to a new low for the year. The energy component settled lower by 2.1% at $43.94/bbl after testing the $43.00/bbl level this morning. industrial sector (+1.6%) outperformed with help from transport stocks. The Dow Jones Transportation Average jumped 1.7% with 19 of its 20 components posting gains...Volume were in line with average @ 740mil shares...US After HoursARTX +10.8%, BDE +7.5%, JMEI +6.3%, MCP -18.9%, BOOM -12%, CALL -9.4% following earnings/guidance...BOJ policy statement was largely a reiteration of the prior month, maintaining annual rate of monetary base increase at ¥80T, and reiterating economic assessment of economy continuing moderate recovery trend. Board member Kiuchi remained the lone dissenter in favor of a more protracted timeframe for inflation target. The only change in the statement related to inflation, where the BOJ scaled back its current CPI view to 0.0-0.5% from around 0.5% and the outlook for inflation to also be around 0% vs prior "slow for time being". USD/JPY fell about 20pips below 121.30 on the release with little indication that further policy easing may be in the works for April. Separately, Fin Min Aso spoke of risks to Japan economy from the slowdown in China, and also acknowledged that it will take longer to exit deflationary mindset than 1-2 years after some 20 years of negative price trends. In China, PBoC injected another CNY20B via 7-day reverse repos in the system but also lowered its offering yield by another 10bps to 3.65%. This follows a similar 10bps reduction in the offering yield made one week ago. Also of note on the mainland, China February FDI slowed dramatically, and Commerce Ministry spokesperson attributed the strong rise in February exports to seasonality of the holidays and US recovery. In a sign of Beijing's increasing discomfort with FX volatility, MOFCOM's Shen said weaker EUR increases pressure on exports along with creating opportunities for Europe acquisitions.

Nikkei +0.99% Hang Seng -0.35% Shanghai +0.91%

RUB $62.0675 WTI $43.78 (-0.23%) Brent $54.06(+0.2%) EURCHF 1.06697 CHF 1.0075

EUR$ 1.0593 S&P -0.10% EuroStoxx -0.16% Dax -0.04% SMI +0.02%


Macro :
- Falling Euro Provides More Chances for China Asset Acquisitions
- Greece Deserves ‘Love’ as It Tries to Heed Aid Pledges: Juncker
- Moscovici Says Germany Needs to Do More Now to Support Demand
- Italy looking at several options to address solving its bad loans issue as soon as the summer - Italian Press

Keep an eye on :
- ABI BB : AB InBev Director Van Damme Sells EU2.8m of Brewer’s Stock
- BA/ LN : BAE Systems Outlook Revised to Negative by S&P
- BOSS GY : Permira Completes Sale of 8.4m Hugo Boss Shrs at EU113/Shr
- BOSS GY :
- RF FP : Eurazeo 2014 Net Loss EU89m Vs Profit of EU561m
- HSBA LN : HSBC Closing Jersey Accounts for Customers Living in U.K.: BBC
- IPR LN : Impresa 2014 Net Rises 66.8% to EU11m Y/y
- KUNN SW : Kuoni Sees 2017 Revenue Rising Amid Negative Impact From CHF
- MC FP : LVMH to Open More Hotels in Next 12-24 Months: Ravi Thakran
- MC IM : Bulgari CEO Babin Says 2015 Performance Above Targets So Far
- NOVN X : Novartis Wins EU Approval for Jakavi to Treat Rare Blood Cancer
- ORA FP : Orange Seeks to Triple Data Speeds on ~EU15b Investments by 2018
- ORA FP : Orange Sees Low-Point in Sales in 2016, Finance Chief Says
- RNO FP : Nissan to Halt Russia Output for 16 Days on Weak Sales: Reuters
- SIK VX : Sika Agrees to Buy Axson Technologies
- SPSN SW : Swiss Prime Site Plans Div. CHF3.7/Share; BDVD Forecast CHF3.6
- SYNN VX: Syngenta Gets Vietnam Approval for Bt11 x GA21 Stacked Corn Seed
- STL NO : Statoil Finds Cracks Under Gudrun Helicopter Pad: Offshore.no
- TIT IM : Tel. Italia to Report 2014 Net Income Over EU100m: Messaggero
- WCH GY :Wacker Chemie Sees Higher Sales, Adj. Ebitda for This Year

>>> Brokers Upgrades & Downgrades - 17th of March of 2015

>>> Up
*KUMBA IRON ORE RAISED TO OVERWEIGHT VS UNDERWEIGHT AT BARCLAYS
*LONMIN RAISED TO BUY VS NEUTRAL AT CITI
*NYRSTAR RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*SANOFI RAISED TO OUTPERFORM VS MARKET PERFORM AT LEERINK
*SDL RAISED TO BUY VS HOLD AT NUMIS
*STRAUMANN RAISED TO NEUTRAL AT JPMORGAN

>>> Down
*BANK OF GEORGIA CUT TO NEUTRAL VS BUY AT UBS
*DAIMLER CUT TO SELL VS NEUTRAL AT UBS
*DEUTSCHE POST CUT TO NEUTRAL VS BUY AT UBS
*LINDE CUT TO NEUTRAL VS BUY AT CITI
*HEINEKEN CUT TO NEUTRAL VS BUY AT GOLDMAN
*HENNES & MAURITZ CUT TO NEUTRAL VS BUY AT CITI

>>> PT Change
*TUI RATED NEW BUY AT UBS, PT 1,310P

>>> Initiation
*HSS HIRE GROUP RATED NEW OVERWEIGHT AT JPMORGAN

>>> Call