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

1. From The Floor
17 October 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg  UK markets advanced on Friday, amid news that IMF members debated over
FTSE 100 5,466.4  1.2% 3.1% 5.6% -4.9% strengthening its capital reserves to help contain Europe’s debt crisis.
DJSTOXX 50 2,270.3  0.6% 2.2% 9.0% -11.1% Additionally, markets also received boost as China’s inflation eased from its
FTSEurofirst 300 975.5  0.9% 2.9% 8.3% -10.2% three-year high in September. Precious metal miner, Fresnillo climbed 1.9%,
German DAX 30 5,967.2  0.9% 5.1% 15.5% -7.3%
as silver prices rose. Among other mining stocks, Vedanta Resources,
French CAC 40 3,217.9  1.0% 4.0% 11.2% -15.9%
Kazakhmys, Antofagasta climbed between 1.2% and 3.7%, as base metal
Russia RTS Index 1,449.3  3.8% 10.5% -7.8% -8.8%
S&P 500 1,224.6  1.7% 6.0% 4.4% 3.9%
prices gained. BHP Billiton rose 1.9%, amid reports that it made a bid for
Dow Jones Industrials 11,644.5  1.4% 4.9% 4.9% 4.9%
Australian coal producer, Walter Energy. Energy stocks, Cairn Energy, BP and
Nasdaq Composite 2,667.9  1.8% 7.6% 5.4% 9.3% Tullow Oil, rallied between 2.5% and 4.7%, tracking a rise in oil prices.
Brazil Bovespa 55,030.4  0.8% 7.4% -0.9% -23.2% Among fund managers, Man Group, the top gainer on the FTSE 100 index,
Nikkei 225* 8,891.8  1.6% 1.7% 1.5% -7.0% rallied 5.1%, while Ashmore climbed 3.1%, helped by bargain hunting. FTSE
Shanghai Composite* 2,435.7  0.2% 0.2% -1.6% -15.0% 100 advanced 1.2% to 5,466.4. FTSE 250 rose1.1% to close at 10,338.5.
Sensex* 17,102.9  0.1% 5.2% 3.7% -17.4%
*Time - BST 5:31:01 AM
European Market Snapshot
 Other European markets closed higher on Friday, as gains in technology,
5,500 chemical and automobile sector stocks offset declines in financial sector
stocks following a slew of broker downgrades. Market sentiments were
5,475 buoyed amid speculation that European policy makers would increase efforts
to contain the regions debt crisis and as US retail sales surpassed market
5,449 expectations. Porsche rose 6.7%, after it announced plans to sell a record
140,000 cars next year. SAP, gained 5.2%, after it reported third-quarter
5,424 earnings that surpassed market expectations. Chemical maker, Syngenta
surged 7.3%, after it forecasted a “substantial rise” in its full-year revenue.
5,398 However, Commerzbank dropped 4.9%, after Goldman Sachs downgraded
8:00 9:45 11:30 13:15 15:00 16:35
the stock to “Neutral” from “Buy”, while BNP Paribas fell 3.3%, after
Deutsche Bank cut its rating on the stock to “Hold” from “Buy”. FTSEurofirst
300 index rose 0.9% to 975.5. German DAX Xetra 30 gained 0.9% to 5,967.2.
11,670 French CAC-40 edged up 1.0% to settle at 3,217.9.
11,618 US Market Snapshot
 US markets closed higher on Friday, as optimism over corporate earnings and
11,565
better-than-expected rise in US retail sales lifted market sentiments. Meeting
by the G20 nations to discuss steps to tackle the European debt crisis also
11,513
added to the positive sentiment. Infotainment equipment company, Harman
International Industries, the top gainer on the S&P 500 index, surged 9.6%,
11,460
9:30 10:45 12:00 13:15 14:30 15:45 after investment firm, Relational Investors and the California State Teachers'
Retirement System raised their stakes in the company. Google rallied 5.9%,
after its third quarter results surpassed market expectations. IBM gained
2.0%, after Collins Stewart raised its price target on the stock and Macquarie
8,900
initiated coverage on the firm with an "Outperform" rating. Apple gained
3.3%, amid reports that its US sales for iPhone 4S was poised to reach 4
8,856
million units before the end of the same week. DJIA climbed 1.5% to
11,644.5. NASDAQ jumped 1.8% to 2,667.9. S&P 500 rose 1.7% to 1,224.6.
8,813
8,769 Asian Market Snapshot
 Asian markets are trading higher this morning, tracking gains on Wall Street
8,725
9:00 9:45 10:30 11:15
on Friday, and amid hopes that the European leaders would resolve the
region’s debt crisis. In Japan, exporters, Sony, Sharp and Advantest, gained
values, on better-than-expected rise in US retail sales and as the yen
Manoj Ladwa 0207 392 1487
depreciated against the dollar. However, Olympus Corp. tumbled after
Index and Equity Desk 0207 392 1479
several brokerages downgraded their rating on the stock. In Hong Kong,
Institutional Equities 0207 392 1477 commodity stocks, Aluminum Corp. of China and Jiangxi Copper, gained
Commodities 0207 392 1403 values, tracking higher base metal prices. Banks, Bank of China and China
Options 0207 392 1472 Citic Bank, added values amid optimism that European leaders would
Currencies 0207 392 1455 announce a new plan to shore up the region's finances. In South Korea,
Internet Dealing Desk 0207 392 1434
refiner, SK Innovation, rallied after Samsung Securities stated that the shares
are undervalued. Nikkei 225 index is trading 1.6% higher, at 8,891.8. Hang
Seng index is trading 1.8% higher at 18,836.9, while the Kospi index is
trading 1.1% higher, at 1,856.2.
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. 17 October 2011
Commodities
88.0
1686.0 7,580 2,220
86.9 1679.5 7,345 2,193
$/ M T
$/ b b l
7,110 2,165
$ /OZ
85.8 1673.0
6,875 2,138
84.6
1666.5
6,640 2,110
83.5
0:00 5:30 11:00 16:30 22:40 1660.0 3-Oct 6-Oct 11-Oct 14-Oct
0:00 5:40 11:20 17:00 23:40 Copper - LHS Aluminium - RHS
 In Asia, crude oil for November delivery is trading 27 cents higher at $87.07 per barrel. On Friday, crude oil for November
delivery closed 3.1% or $2.57 higher at $86.80 per barrel, amid expectation of increase in energy demand, following robust US
retail sales that points to sign of economic recovery.
 Gold for immediate delivery is trading 0.1% higher today, at $1,682.13 per ounce. Gold prices for December delivery added
0.9% or $14.50 to $1,683 per ounce on Friday, as the dollar weakened against the major currencies, increasing the demand for
the precious metal as a hedge against inflation. Gold prices also rose, amid hopes that the recent session fall in gold prices and
upcoming festival season would spur investment in the precious metal.
Currencies
1.1470 1.5850 1.3920
1.1448 1.5815 1.3865
1.1425 1.5780 1.3810
1.1403 1.5745
1.3755
1.1380 1.5710
1.3700
0:00 6:40 13:20 20:00 23:40 0:00 6:40 13:20 20:00 2:40
0:00 6:40 13:20 20:00 2:40
 At 4000 BST today, the GBP is trading 0.1% lower against the USD at $1.5806, 0.1% higher against the EUR at €1.1411 and
0.1% lower against the JPY at ¥122.09.
 The EUR is trading 0.2% lower against the USD at $1.3853, amid speculation that European leaders would struggle to meet a
deadline for this month on a plan to tackle the eurozone debt crisis.
 The EUR is trading 0.2% lower against the JPY at ¥107.00.
 The AUD is trading lower against the USD, ahead of the release of minutes of the Reserve Bank of Australia meeting held on 4
October when Governor Glenn Stevens left the nation’s benchmark rate unchanged at 4.75% and signaled there is more scope
to cut interest rates if necessary.
 On Friday, the EUR ended higher against the USD and the JPY, amid optimism that eurozone debt crisis would be restricted, as
group of 20 finance ministers met to confront the region’s turmoil.
2 From The Floor Refer to the last page for disclaimer

3. 17 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 0:01 Rightmove House Prices (MoM) (Oct) 2.80%* 0.70% Monthly
UK 0:01 Rightmove House Prices (YoY) (Oct) 1.20%* 1.50% Monthly
US 13:30 NY Empire State Manufacturing Index (Oct) -4.00 -8.82 Monthly
US 14:15 Industrial Production (MoM) (Sep) 0.20% 0.20% Monthly
US 14:15 Capacity Utilization (Sep) 77.50% 77.40% Monthly
Canada 13:30 Foreign investment in Canadian Securities (Aug) C$10.00 bn C$11.78 bn Monthly
Canada 13:30 Canadian Investment in Foreign Securities (Aug) - -C$1.28 bn Monthly
Canada 13:30 New Motor Vehicle Sales (MoM) (Oct) 2.30% -6.20% Monthly
Canada 15:30 Business Outlook Future Sales (Q3) - 20.00 Quarterly
Canada 15:30 Bank of Canada Senior Loan Officer Survey (Q3) - -49.60 Quarterly
Japan 5:30 Industrial Production (MoM) (Aug) - 0.80% Monthly
Japan 5:30 Industrial Production (YoY) (Aug) - 0.60% Monthly
Japan 5:30 Capacity Utilization (MoM) (Aug) - 0.60% Monthly
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d
1.95%
UK 0.7% 4.5% 2.5%
US 1.6% 3.8% 2.1%
1.15%
Japan -1.0% 0.2% 1.0%
France 1.6% 2.2% 2.8% 0.35%
Germany 2.7% 2.4% 2.0%
-0.45%
Brazil 3.1% 7.3% 4.0%
Russia 3.4% 7.2% 6.0% -1.25%
Oct-09
Apr-10
Jun-10
Apr-11
Jun-11
Dec-09
Aug-10
Oct-10
Aug-11
Feb-10
Dec-10
Feb-11
India 7.7% 9.0% 8.6%
China 9.5% 6.2% 3.9%
3 From The Floor Refer to the last page for disclaimer

4. 17 October 2011
Key Corporate Releases Today
UK
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)
Seeing Machines Ltd. Final GBP 0.05 10.69
Nautical Petroleum Plc Prelim GBP (2.09) 0.25
Nanoco Group Prelim GBP - -
Stellar Diamonds Prelim GBP - -
Supercart Plc Final GBP - -
Note: All Estimates are for Full Year
Pacific Horizon Inv Trust
FBD Holdings, XCounter AB
Renishaw
Cookson Group, Dunedin Income Growth Inv Trust, Neptune-Calculus Income & Growth VCT, Savills
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)
Koninklijke Philips Electronics Nv Q3 EUR 1.17 22,468.30
Kuehne Nagel International Ltd Q3 CHF 5.46 19,456.10
Af Ab Q3 SEK 9.40 5,071.50
Cdon Group Ab Q3 SEK 1.24 3,173.50
Econocom Group Sa Q3 Sales EUR 1.37 1,474.93
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
International Business Machines Corp Q3 USD 13.31 107,670.00 A
Wells Fargo & Co Q3 USD 2.82 81,110.00 U
Citigro up Inc Q3 USD 3.81 80,200.00 D
Halliburton Co Q3 USD 3.37 24,400.00 D
Stanley Black and Decker Inc Q3 USD 5.25 10,270.00 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. 17 October 2011
What’s Hot & What’s Not
Man Group Glencore International -3.0%
5.1%
4.7% Tullow Oil Lloyds Banking Group -3.0%
Severn Trent -1.3%
3.7% GKN
3.7% Antofagasta Kingfisher -1.1%
3.6% Petrofac Ltd Whitbread -0.9%
Weir Group British Sky Broadcasting -0.5%
3.6%
3.5% Essar Energy Inmarsat -0.5%
Xstrata United Utilities -0.5%
3.1%
3.1% Ashmore Group National Grid -0.4%
2.9% WPP Diageo -0.3%
0.0% 1.4% 2.7% 4.1% 5.4% -3.3% -2.5% -1.7% -0.8% 0.0%
Major Movers & Shakers
 Tullow Oil, Petrofac and Essar Energy advanced between 3.5% and 4.7%, as crude oil for November delivery rose 3.1% to
$86.80 per barrel.
 Miners, Antofagasta and Xstrata gained 3.7% and 3.1%, respectively, as copper for December delivery added 10 cents to $3.41
per pound.
 Glencore International lost 3.0%, amid speculation that Goldman Sachs was undertaking a secondary placing of a $175 million
convertible bond for the company.
 Severn Trent declined 1.3%, as HSBC downgraded the stock to “Underweight” from “Neutral” on valuation grounds.
 Kingfisher dropped 1.1% as Oriel Securities downgraded the stock to “Reduce” from “Hold”.
5 From The Floor Refer to the last page for disclaimer

6. 17 October 2011
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6 From The Floor