ETX Capital -From The Floor is a daily briefing and global market report to keep you informed as you trade

1. From The Floor
7 October 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg  UK markets rallied yesterday, after the Bank of England expanded its bond-
FTSE 100 5,291.3  3.7% 1.8% 3.7% -6.9% purchase plan by £75billion to £275billion. Additionally, better-than-expected
DJSTOXX 50 2,205.6  2.5% 1.2% 4.6% -12.3% US jobless claims data and optimism that European policymakers would
FTSEurofirst 300 940.7  2.6% 0.8% 3.4% -12.1% contain the region’s debt crisis buoyed market sentiments. Standard
German DAX 30 5,645.3  3.1% 0.1% 7.6% -10.0%
Chartered led the banking sector higher, gaining 8.8%, while Lloyds Banking,
French CAC 40 3,075.4  3.4% 1.6% 2.5% -18.3%
Barclays and Royal Bank of Scotland rose between 7.8% and 8.7%, on
Russia RTS Index 1,271.7  4.5% -8.5% -21.4% -19.4%
S&P 500 1,165.0  1.8% 0.4% -0.8% 0.4%
optimism about the quantitative easing measures. Insurer, Prudential, the
Dow Jones Industrials 11,123.3  1.7% -0.3% -1.0% 1.4%
top gainer on the FTSE 100 index, surged 11.7%, amid optimism of a surge in
Nasdaq Composite 2,506.8  1.9% 1.1% 1.1% 5.3% its portfolios. Rio Tinto, ENRC and Antofagasta jumped between 7.6% and
Brazil Bovespa 52,290.4  2.5% -2.0% -4.9% -25.9% 10.2%, as base metal prices rose. SABMiller surged 7.0%, amid speculation of
Nikkei 225* 8,652.5  1.5% -2.1% -3.0% -12.1% bid interest from Brazilian company, Anheuser-Busch InBev. FTSE 100 surged
Shanghai Composite 2,359.2 0.0% -0.3% -4.8% -11.2% 3.7% or 189.1 points to 5,291.3, while FTSE 250 rose 3.4% to 9,888.6.
Sensex* 16,264.4  3.0% -5.4% -5.5% -23.1%
*Time - BST 5:19:35 AM
European Market Snapshot
 Other European markets ended sharply higher yesterday, on hopes that
5,310 European policy makers would resolve the sovereign-debt crisis, after the
European Central Bank (ECB) announced a series of liquidity provision
5,251 measures to support European banks and resumed purchase of covered
bonds. Moreover, the announcement by the Bank of England to expand its
5,193 bond-purchase program also boosted market sentiments. Banking stocks,
BNP Paribas, Credit Agricole and Natixis surged between 5.3% and 9.0%, on
5,134 news that the French government was working on a contingency plan to
acquire stakes in some banks, while UBS gained 4.5%, after the company
5,075 announced that Francois Gouws and Yassine Bouhara resigned as co-heads
8:00 9:45 11:30 13:15 15:00 16:35
of global equities. Insurer, AXA, climbed 8.2%, after Deutsche Bank
reiterated its “Buy” rating on the stock. FTSEurofirst 300 index added 2.6%
to 940.7. German DAX Xetra 30 edged up 3.2% to 5,645.3. French CAC-40
11,150 climbed 3.4% to 3,075.4.
11,080 US Market Snapshot
 US markets rallied yesterday, as the ECB announced to resume covered-bond
11,010
purchases to infuse liquidity into the European financial system.
Furthermore, less-than-expected rise in US weekly jobless claims also boosted
10,940
market sentiments. Bank of America, the top gainer on the DJIA index,
surged 8.8%, while Morgan Stanley and Citigroup rallied 4.8% and 5.3%,
10,870
9:30 10:45 12:00 13:15 14:30 15:45 respectively, amid easing worries over the contagion. Retailers, Ltd Brands,
Target and The Buckle rose between 0.8% and 4.8%, as their same-store
sales growth exceeded market expectations. Express Scripts soared 11.4%
and emerged as the top gainer on the S&P 500 index, amid news of its
8,660
merger with Medco Health Solutions. Alcoa rallied 5.4%, tracking higher
aluminium prices and ahead of its third-quarter earnings report due next
8,646
week. DJIA advanced 1.7% to 11,123.3. NASDAQ gained 1.9% to settle at
2,506.8. S&P 500 rose 1.8% to end at 1,165.0.
8,632
8,617
Asian Market Snapshot
 Asian markets are trading higher this morning, as investors kept economic
8,603
9:00 9:45 10:30 11:15 13:00
worries on the back burner, after Bank of England and the European Central
Bank announced monetary easing measures, and following better-than-
expected US unemployment-claims data. In Japan, banking stocks, Sumitomo
Manoj Ladwa 0207 392 1487
Mitsui Financial Group, and Mitsubishi UFJ Financial Group traded higher, as
Index and Equity Desk 0207 392 1479
risk aversion decreased among investors. Exporters, Toyota Motor, Toshiba
Institutional Equities 0207 392 1477 and Nissan Motor paced gains, as concerns about future demand eased. In
Commodities 0207 392 1403 Hong Kong, energy stocks, Cnooc and China Coal Energy traded higher,
Options 0207 392 1472 tracking a rise in crude oil prices. Exporters, Esprit Holdings, Lenovo Group, Li
Currencies 0207 392 1455 & Fung, amid easing worries over demand prospects. In South Korea,
Internet Dealing Desk 0207 392 1434
Samsung Electronics traded higher, after the company’s third- quarter
earnings forecasts were above market expectations. Nikkei 225 index is
trading 1.5% higher, at 8,652.5. Hang Seng index is 3.5% higher, at 17,767,
while the Kospi index is trading 3.1% higher, at 1,763.5.
ETX Capital, Beaufort House, 15 St Botolph Street, London EC3A 7DT Tel+44 (0) 207 392 1453
customerservice@etxcapital.co.uk www.etxcapital.com Refer to the last page for disclaimer

2. 7 October 2011
Commodities
83.2
1660.0 7,850 2,240
82.1 1653.3 7,538 2,205
$/ M T
$/ b b l
7,225 2,170
$ /OZ
81.1 1646.5
6,913 2,135
80.0
1639.8
6,600 2,100
78.9
0:00 5:30 11:00 16:30 22:40 1633.0 22-Sep 27-Sep 30-Sep 5-Oct
0:00 5:40 11:20 17:00 23:40 Copper - LHS Aluminium - RHS
 In Asia, crude oil for November delivery is trading 0.3% or $0.23 higher at $82.82 per barrel. Yesterday, crude oil for November
delivery climbed 3.7% or $2.91 to end at $82.59 per barrel, as concerns about the eurozone debt crisis eased, after the ECB and
the Bank of England, announced monetary easing measures to stimulate economic growth. Prices also gained on better-than-
expected weekly US jobless claims data.
 Gold for immediate delivery is trading 0.3% higher today, at $1,657.89 per ounce. Gold for December delivery rose 0.7% or
$11.60 to settle at $1,653.20 per ounce yesterday, as the dollar weakened against the euro, increasing the demand for the
precious metal as a hedge against inflation and ahead of US Labor Department’s report on the payrolls and unemployment
levels.
Currencies
1.1605 1.5510 1.3470
1.1566 1.5451 1.3411
1.1528 1.5393 1.3353
1.1489 1.5334
1.3294
1.1450 1.5275
1.3235
0:00 6:40 13:20 20:00 2:40 0:00 6:40 13:20 20:00 2:40
0:00 6:40 13:20 20:00 2:40
 At 0400 BST today, the GBP is trading 0.2% higher against the USD at $1.5463, 0.1% higher against the EUR at €1.1514, and
0.1% higher against the JPY at ¥118.53.
 The EUR is trading marginally higher against the USD at $1.3430, on optimism that the quantitative easing measures by ECB for
European lenders would help stem the region’s sovereign debt crisis.
 The EUR is trading marginally lower against the JPY at ¥102.95.
 The AUD and NZD are trading steady against the USD and the JPY, ahead of the release of the US Labor Department report on
employment data for September.
 Yesterday, the EUR ended higher against the USD and the JPY, amid speculation that a reintroduction of loans to banks by the
ECB would help to contain the sovereign debt crisis, increasing demand for the region’s currency.
 The GBP closed lower against its major peers, after the Bank of England announced its bond- purchase program and kept its
benchmark interest rate at a record low to help revive the UK’s slowing economy.
 The CHF ended lower against the USD and the JPY, amid speculation the central bank might impose further measures to
contain its strength, after a report showed that its foreign-currency holdings increased to a record last month after its decision
to cap the currency’s gain.
2 From The Floor Refer to the last page for disclaimer

3. 7 October 2011
Key Economic Releases Today
Conse nsus/ *
Country BST E c onomi c Indi c a tor P re vi ous Fre que nc y
A c tua l s
UK 9:30 Producer Price Index - Input s.a. (MoM) (Sep) 1.20% -1.90% Monthly
UK 9:30 Producer Price Index - Output n.s.a. (MoM) (Sep) 0.20% 0.10% Monthly
UK 9:30 Producer Price Index - Output Core n.s.a. (MoM) (Sep) 0.10% 0.20% Monthly
Germany 11:00 Industrial Production s.a. (MoM) (Aug) -2.00% 4.00% Monthly
Germany 11:00 Industrial Production n.s.a. and w.d.a. (YoY) (Aug) 6.40% 10.10% Monthly
France 7:45 Central Government Balance (Aug) -€105.00 bn -€86.60 bn Monthly
France 7:45 Trade Balance (Aug) -€59.50 bn -€64.60 bn Monthly
Switzerland 6:45 Unemployment Rate (Sep) 2.80% 2.80% Monthly
Switzerland 6:45 Unemployment Rate s.a. (Sep) 3.00% 3.00% Monthly
US 13:30 Change in Non-farm Payrolls (Sep) 50.00 K 0.00 K Monthly
US 13:30 Change in Manufacturing Payrolls (Sep) -3.00 K -3.00 K Monthly
US 13:30 Change in Private Payrolls (Sep) 90.00 K 17.00 K Monthly
US 13:30 Unemployment Rate (Sep) 9.10% 9.10% Monthly
US 13:30 Average Hourly Earnings (MoM) (Sep) 0.20% -0.10% Monthly
Canada 12:00 Net Change in Employment (Sep) 15.00 K -5.50 K Monthly
Canada 12:00 Unemployment Rate (Sep) 7.30% 7.30% Monthly
Canada 12:00 Full Time Employment Change (Sep) - 25.70 K Monthly
Japan 0:50 Official Reserve Assets (Sep) $1200.60 bn* $1218.50 bn Monthly
Japan 5:00 Bank of Japan Rate Decision (Oct 7) 0.10% 0.10% -
Japan 6:00 Leading Economic Index (Aug) 103.50 104.60 Monthly
Japan 6:00 Coincident Index (Aug) 107.40 107.10 Monthly
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d 485.00
UK 0.7% 4.5% 2.3%
US 1.6% 3.8% 1.9% 458.75
Japan -1.0% 0.2% 1.0%
432.50
France 1.6% 2.2% 2.5%
Germany 2.7% 2.4% 1.8%
406.25
Brazil 3.1% 7.2% 4.0%
Russia 3.4% 7.2% 6.0% 380.00
Jun-11
Jun-11
Jul-11
Jul-11
Sep-11
Sep-11
Sep-11
May-11
May-11
Apr-11
Aug-11
Aug-11
India 7.7% 9.0% 8.3%
China 9.5% 6.2% 4.1%
3 From The Floor Refer to the last page for disclaimer

4. 7 October 2011
Key Corporate Releases Today
1PM Plc, Abbey
ACM Shipping Group, Henderson Smaller Companies Inv Trust, Kesa Electricals, Pennon Group, Umeco
Abbey Protection, Bwin.party Digital Entertainment, Cape, Cineworld Group, Croda International, Devro, Elementis,
Goldenport Holdings Inc., Grafton Group Units, Greggs, Hammerson, Hardy Underwriting Bermuda Ltd. (DI), InterCon-
tinental Hotels Group, International Personal Finance, Maintel Holdings, Michael Page International, Millennium &
Copthorne Hotels, Octopus Second AIM VCT, Phoenix Group Holdings (DI), Regus, Resolution Ltd., ReThink Group,
Europe
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus
E sti ma te d E P S E sti ma te d Re ve nue (Mn)
Societe Ldc Sa Q2 Sales EUR 6.59 2,801.15
Piscines Desjoyaux Sa Q4 Sales EUR 0.64 84.20
Note: All Estimates are for Full Year
US
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus Re l e a se
E sti ma te d E P S E sti ma te d Re ve nue (Mn) T i me
Syms Corp Q2 USD - 477.88 D
M aterial Sciences Co rp Q2 USD 0.79 144.20 D
No te: A ll Estimates are fo r Full Year (A = A fter the market clo ses, B = B efo re the market o pens, D = During market ho urs, U = Time unkno wn )
4 From The Floor Refer to the last page for disclaimer

5. 7 October 2011
What’s Hot & What’s Not
Man Group -1.2%
11.7% Prudential
11.5% IMI Admiral Group -0.3%
Autonomy Corp -0.2%
10.3% GKN
10.2% Antofagasta Next -0.04%
9.7% ENRC
8.8% Standard Chartered
8.7% Lloyds Banking Group
8.3% Kazakhmys
8.3% Xstrata
8.2% Essar Energy
0.0% 3.2% 6.4% 9.6% 12.8% -1.3% -1.0% -0.7% -0.3% 0.0%
Major Movers & Shakers
 Insurers, Prudential and Standard Chartered, surged 11.7% and 8.3% respectively, in line with a rise in equity markets.
 IMI surged 11.5%, after the company stated that its current trading has continued in line with comments made in the August
interim results.
 Miners, Kazakhmys, ENRC and Antofagasta soared between 8.3% and 10.2%, following higher base metal prices.
 Lloyds Banking Group climbed 8.7%, as risk appetite increased among investors, after the Bank of England expanded its bond-
purchase program.
 Xstrata rose 8.3%, after the company announced that it has secured long-term energy supplies for its North-west Queensland
operations in Australia.
 Essar Energy rallied 8.2%, tracking higher crude oil prices.
 Admiral Group dropped 0.3%, after Exane BNP Paribas initiated coverage of the insurer with an “Underperform” rating.
5 From The Floor Refer to the last page for disclaimer

6. 7 October 2011
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6 From The Floor