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

1. From The Floor
11 October 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg  UK markets closed higher yesterday, as an agreement between the French
FTSE 100 5,399.0  1.8% 6.4% 3.5% -4.6% and German leaders on support for the euro-zone boosted market
DJSTOXX 50 2,254.3  1.4% 5.4% 6.9% -10.4% sentiment. ARM Holdings surged 6.6% and emerged as the top gainer on the
FTSEurofirst 300 963.9  1.7% 5.7% 5.3% -10.0% FTSE 100 index, as RBS reiterated its "Buy" rating on the stock. Among
German DAX 30 5,847.3  3.0% 8.8% 12.7% -7.1%
energy stocks, Royal Dutch Shell and BP added 2.5% and 2.9%, respectively,
French CAC 40 3,161.5  2.1% 8.0% 6.3% -16.0%
tracking higher crude oil prices. Petrofac rallied 4.4%, amid takeover
Russia RTS Index 1,365.7  4.1% 5.7% -16.0% -12.8%
S&P 500 1,194.9  3.4% 8.7% 3.5% 2.6%
speculation and as UniCredit advised a “Buy” on the stock. Kazakhmys
Dow Jones Industrials 11,433.2  3.0% 7.3% 4.0% 3.9%
gained 3.4%, after Morgan Stanley considered it as a preferred copper
Nasdaq Composite 2,566.1  3.5% 9.9% 4.0% 6.8% miner. ITV rose 1.2%, after a broker added the stock to its “Buy” list. Barclays
Brazil Bovespa 53,273.1  4.0% 4.9% -4.5% -24.8% gained 4.5%, as risk appetite improved among investors. FTSE 100 rallied
Nikkei 225* 8,772.7  1.9% 0.7% -1.5% -10.3% 1.8% to close at 5,399.0, while FTSE 250 gained 1.8% to settle at 10,140.8.
Shanghai Composite* 2,361.6  0.7% 0.7% -6.1% -14.4%
Sensex*
*Time - BST
16,747.1  1.1%
5:15:36 AM
2.5% -1.8% -18.2%
European Market Snapshot
 Other European markets closed sharply higher yesterday, after German and
French leaders pledged to work out a plan to recapitalize European banks
5,420 and resolve the sovereign debt crisis in three weeks, and amid optimism that
the US economy recovery is gaining momentum. Banking stocks, BNP Paribas
5,388 and Societe Generale, rose 1.2% and 3.0%, respectively, after both the banks
denied reports that they planned to raise a combined €11billion as part of
5,355
the recapitalisation plan, while UniCredit rallied 12.2%, after the company
stated that it had no issues at its Central Eastern European operations and
5,323
that its exposure to Hungary was minimal. Energy stock, Total, rose 1.6%,
tracking higher crude oil prices. Adidas climbed 3.7%, after the company
5,290
8:00 9:45 11:30 13:15 15:00 16:35
forecasted sales to exceed £1 billion by 2013 in Russia. FTSEurofirst 300 index
climbed 1.7% to 963.9. German DAX Xetra 30 rallied 3.0% to 5,847.3. French
CAC-40 added 2.1% to settle at 3,161.5.
11,450
US Market Snapshot
11,350  US markets rallied yesterday, as French and German leaders promised to
deliver a plan by the end of the month to contain the European debt crisis.
11,250 Bank of America, the top gainer on the DJIA, climbed 6.4%, while JPMorgan
Chase, Morgan Stanley and Citigroup soared between 5.2% and 7.6%, amid
11,150 easing worries over the contagion. Denbury Resources soared 9.6%, and
emerged as the top gainer on the S&P 500 index, as commodity prices
11,050 rallied. Apple rose 5.1%, as pre-orders for iPhone 4S topped one million in a
9:30 10:45 12:00 13:15 14:30 15:45 single day. Oilfield services provider, Complete Production Services jumped
39.5%, as Superior Energy Services agreed to buy the company. Microsoft
climbed 2.2%, after the European Commission approved the company’s plan
8,810 to acquire Skype, while Micron Technology climbed 4.2%, as Citigroup raised
its rating on the stock to “Buy” from “Hold”. DJIA surged 3.0% to close at
8,798 11,433.2. NASDAQ gained 3.5% to 2,566.1. S&P 500 rose 3.4% to 1,194.9.
8,785 Asian Market Snapshot
8,773
 Asian markets are trading higher this morning, led by impressive gains in
banking sector stocks, taking cues from strong overnight gains on Wall
8,760 Street, and after a state-backed investment fund boosted its holdings in
9:00 9:45 10:30 11:15 some of China’s biggest banks. In Japan, financial stocks, Sumitomo Mitsui
Financial Group and Daiwa Securities Group traded higher as risk aversion
decreased among investors. Inpex, Japan Petroleum Exploration and JX
Manoj Ladwa 0207 392 1487 Holdings gained values, as crude oil prices increased yesterday. Exporters,
Index and Equity Desk 0207 392 1479 Sony, Canon and Honda Motor paced gains, as the yen depreciated against
Institutional Equities 0207 392 1477 the dollar. In Hong Kong, banks, Industrial & Commercial Bank of China and
Commodities 0207 392 1403
Agricultural Bank of China traded higher. Automaker, SAIC Motor, gained
Options 0207 392 1472
Currencies 0207 392 1455
value after the company reported a rise in its sales for September. In South
Internet Dealing Desk 0207 392 1434
Korea, automakers, Kia Motors and Hyundai Motor paced gains, amid
optimism that global demand would recover. Nikkei 225 index is trading
1.9% higher, at 8,772.7. Hang Seng index is trading 3.1% higher at 18,253.3,
while the Kospi index is trading 2.2% higher, at 1,804.5.
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. 11 October 2011
Commodities
86.5
1690.0 7,580 2,220
85.6 1677.5 7,345 2,193
$/ M T
$/ b b l
7,110 2,165
$ /OZ
84.8 1665.0
6,875 2,138
83.9
1652.5
6,640 2,110
83.0
0:00 5:30 11:00 16:30 22:40 1640.0 26-Sep 29-Sep 4-Oct 7-Oct
0:00 5:40 11:20 17:00 23:30 Copper - LHS Aluminium - RHS
 In Asia, crude oil for November delivery is trading 0.1% or $0.12 higher at $85.29 per barrel. Yesterday, crude oil for November
delivery advanced 2.9% or $2.43 to close at $85.41 per barrel, after German Chancellor Angela Merkel and French President
Nicolas Sarkozy pledged to support European banks, and announced an additional bailout package to resolve the debt crisis.
Crude oil prices also traded higher, as the dollar weakened against the euro, increasing the demand for the commodities as an
alternative investment.
 Gold for immediate delivery is trading 0.4% higher today, at $1,680.09 per ounce. Gold for December delivery added 2.1% or
$35.0 to end at $1,670.80 per ounce yesterday, as the dollar weakened against the major currencies, increasing the demand for
the precious metal as a hedge against inflation.
Currencies
1.1630 1.5700 1.3720
1.1578 1.5658 1.3633
1.1525 1.5615 1.3545
1.1473 1.5573
1.3458
1.1420 1.5530
1.3370
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% lower against the USD at $1.5620, 0.1% lower against the EUR at €1.1468, and
0.3% lower against the JPY at ¥119.74, following report that an index of consumer sentiment about hiring prospects in the UK
fell 1 point to minus 67 in August.
 The GBP is also trading lower against most other currencies amid speculation that UK industrial production had contracted for
a second month in August.
 The EUR is trading marginally lower against the USD at $1.3631.
 The EUR is trading 0.1% lower against the JPY at ¥104.41.
 The USD is trading lower against the CHF ahead of the release of minutes of the Federal Reserve policy meeting in September.
 Yesterday, the EUR ended higher against the USD, after the French and German leaders assured to create a plan to recapitalize
European banks and prevent the spread of the sovereign debt crisis.
 The AUD closed higher against the USD and the JPY, amid optimism that a report this week would show Australian employers
added 10,000 jobs in September, after cutting 9,700 positions in August.
 The CHF closed higher against the USD and the JPY, as investors took advantage of recent weakness in the Swiss currency.
2 From The Floor Refer to the last page for disclaimer

3. 11 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 BRC Sales Like-For-Like (YoY) (Sep) 0.30%* -0.60% Monthly
UK 0:01 RICS House Price Balance (Sep) -23.00* -23.00 Monthly
UK 9:30 Industrial Production (MoM) (Aug) -0.20% -0.20% Monthly
UK 9:30 Industrial Production (YoY) (Aug) -1.20% -0.70% Monthly
UK 9:30 Manufacturing Production (MoM) (Aug) -0.10% 0.10% Monthly
UK 9:30 Manufacturing Production (YoY) (Aug) 1.60% 1.90% Monthly
UK 9:30 DCLG UK House Prices (YoY) (Aug) 2.30% -1.50% Monthly
UK 15:00 NIESR Gross Domestic Product Estimate (Sep) - 0.20% Monthly
US 12:30 NFIB Small Business Optimism (Sep) - 88.10 Monthly
US 15:00 IBD/TIPP Economic Optimism (MoM) (Oct) 38.00 39.90 Monthly
US 19:00 Fed Releases Minutes of Sep. 20 FOMC Meeting - - -
Canada 13:15 Housing Starts S.a. (YoY) (Sep) 186.10 K 184.60 K Monthly
Japan 0:50 Current Account Total (Aug) ¥407.50 bn* ¥990.20 bn Monthly
Japan 0:50 Adjusted Current Account Total (Aug) ¥652.60 bn* ¥752.50 bn Monthly
Japan 0:50 Current Account Balance (YoY) (Aug) -64.30%* -42.40% Monthly
Japan 0:50 Trade Balance - BOP Basis (Aug) -¥694.70 bn* ¥123.30 bn Monthly
Japan - Machine Tool Orders (YoY) (Sep) - 15.20% Monthly
Japan 5:30 Bankruptcies (YoY) (Sep) - -3.60% Monthly
Japan 6:00 Bank of Japan Monthly Economic Report - - -
Japan 6:00 Consumer Confidence Index (Sep) 37.20 37.00 Monthly
Japan 7:00 Eco Watchers Survey: Current (Sep) 46.50 47.30 Monthly
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d
16.00
UK 0.7% 4.5% 2.5%
US 1.6% 3.8% 2.1% 7.00
Japan -1.0% 0.2% 1.0%
France 1.6% 2.2% 2.8% -2.00
Germany 2.7% 2.4% 2.0%
-11.00
Brazil 3.1% 7.3% 4.0%
Russia 3.4% 7.2% 6.0% -20.00
Nov-09
Jan-10
Mar-10
May-10
Jul-10
Sep-10
Nov-10
Jan-11
Mar-11
May-11
Jul-11
Sep-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. 11 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)
N Brown Group Plc Interim GBP 28.11 754.13
Epistem Holdings Plc Prelim GBP 11.40 6.95
Edinburgh Dragon Trust Plc Prelim GBP - -
Fusion Ip Plc Prelim GBP - -
Note: All Estimates are for Full Year
Robert Walters, Marks and Spencer Group Plc
SnackTime, Standard Life UK Smaller Companies Trust
Colefax Group, IG Group Holdings
Amiad Water Systems Ltd
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)
Givaudan Sa Q3 Sales CHF 45.09 3,898.45
Banco Espanol De Credito Sa Q3 EUR 0.59 2,347.39
Vilmorin & Cie Sa Q4 EUR 4.96 1,267.48
Cropenergies Ag Q2 EUR 0.38 498.97
Exel Industries Sa Q4 Sales EUR 3.34 450.99
Vet Affaires Sa Q3 Sales EUR 2.53 155.25
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
Alcoa Inc Q3 USD 1.04 24,680.00 A
WD 40 Co Q4 USD 2.35 353.74 D
Joe's Jeans Inc Q3 USD 0.04 102.41 U
Synergetics USA Inc Q4 USD 0.34 63.36 U
Century BanCorp Inc Q3 USD - - U
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. 11 October 2011
What’s Hot & What’s Not
Compass Group -1.2%
6.6% ARM Holdings
5.1% Old Mutual Imperial Tobacco Group -1.1%
Tate & Lyle -1.0%
4.8% Schroders - A
4.7% Essar Energy Experian -0.7%
4.6% Weir Group Land Securities Group -0.7%
Barclays National Grid -0.5%
4.5%
4.4% Petrofac Ltd Shire -0.4%
Standard Chartered United Utilities -0.4%
4.4%
4.2% Royal Bank of Scotland British Land Co -0.4%
4.2% Schroders - B G4S -0.2%
0.0% 1.8% 3.5% 5.3% 7.0% -1.4% -1.1% -0.7% -0.4% 0.0%
Major Movers & Shakers
 ARM Holdings soared 6.6%, after RBS reiterated its “Buy” rating on the stock.
 Old Mutual and Standard Chartered, rallied 5.1% and 4.4%, respectively, in line with the rise in equity markets.
 Essar Energy climbed 4.7%, tracking higher crude oil prices.
 Petrofac rose 4.4%, amid takeover speculation and as UniCredit advised a “Buy” on the stock.
 Banking stocks, Barclays and RBS, added 4.5% and 4.2%, respectively, as risk appetite increased among investors.
5 From The Floor Refer to the last page for disclaimer

6. 11 October 2011
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6 From The Floor