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

1. From The Floor
28 October 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg  UK markets surged yesterday, led by sharp gains in banking and mining
FTSE 100 5,713.8  2.9% 6.1% 7.9% 1.2% sector stocks, after eurozone leaders agreed to expand the bail-out fund to
DJSTOXX 50 2,362.6  3.2% 6.0% 8.3% -6.6% contain the sovereign debt crisis. Additionally, the news about Greek debt
FTSEurofirst 300 1,020.1  3.7% 6.9% 8.7% -5.7% restructuring deal also buoyed market sentiment. Barclays, the top gainer on
German DAX 30 6,337.8  5.3% 9.9% 12.6% -3.5%
the FTSE 100 index, jumped 17.6%, while Lloyds Banking Group and Royal
French CAC 40 3,368.6  6.3% 9.2% 11.4% -11.7%
Bank of Scotland gained 8.2% and 10.1%, respectively, amid easing worries
Russia RTS Index 1,592.9  4.1% 11.9% 16.3% 0.6%
S&P 500 1,284.6  3.4% 5.7% 9.3% 8.6%
over the contagion risk. Hargreaves Lansdown, Man Group and Schroders
Dow Jones Industrials 12,208.5  2.9% 5.8% 9.1% 9.7%
rallied between 3.2% and 8.0%, as the European policy makers agreed on a
Nasdaq Composite 2,738.6  3.3% 5.4% 7.5% 9.4% rescue deal. Kazakhmys rose 9.4%, after stating that it would meet its entire
Brazil Bovespa 59,270.1  3.7% 9.7% 9.9% -16.0% production target for 2011. Standard Life gained 3.7%, after Jefferies
Nikkei 225* 9,022.5  1.1% 2.8% 3.7% -4.9% International upgraded the stock to “Hold” from “Underperform”. FTSE 100
Shanghai Composite* 2,462.4  1.1% 4.5% 0.9% -18.7% rose 2.9% to 5,713.8, while FTSE 250 rose 3.0% to 10,733.3.
Sensex* 17,773.5  2.8% 2.1% 4.6% -13.6%
*Time - BST 5:14:30 AM
European Market Snapshot
 Other European markets closed sharply higher yesterday, led by impressive
5,775 gains in banking sector stocks, after the European policy makers agreed to
expand a bailout fund to resolve the sovereign debt crisis. Moreover,
5,714 encouraging corporate updates added to the optimism. Banks,
Commerzbank, Credit Agricole and National Bank of Greece, soared
5,653 between 6.3% and 22.0%, as risk aversion decreased among investors, while
Societe Generale surged 23.0%, after the company announced that it would
5,591 meet mid-2012 capital requirements “through its own means”. Deutsche
Boerse rallied 6.2%, after the company announced a buyback programme.
5,530 Retailer, PPR, climbed 5.4%, after posting third-quarter sales that surpassed
8:00 9:45 11:30 13:15 15:00 16:35
market expectations. Chemicals maker, BASF, rallied 7.5%, after reporting
better-than-expected third-quarter earnings. FTSEurofirst 300 index added
3.7% to 1,020.1. German DAX Xetra 30 rose 5.3% to end at 6,337.8. French
12,300 CAC-40 edged up 6.3% to settle at 3,368.6.
12,188 US Market Snapshot
 US markets rallied yesterday, as the European leaders reached an agreement
12,075
in their bid to resolve the eurozone debt crisis and after data showed that
US GDP rose in the third quarter, lifting market sentiment. Technology stock,
11,963
Citrix Systems jumped 17.3%, and emerged as the top gainer on the S&P 500
index, as it raised its outlook for the fourth quarter. Financial stocks led the
11,850
9:30 10:45 12:00 13:15 14:30 15:45 rally, with Bank of America, JPMorgan Chase and Morgan Stanley soaring
between 7.0% and 17.0%, as worries over the contagion risk faded. Alcoa,
the top gainer on the DJIA index, rose 8.1%, amid easing worries over the
economic slowdown, after the US GDP accelerated at the fastest pace in a
9,075
year. Dow Chemical climbed 8.2%, after its third-quarter sales exceeded
market expectations. DJIA surged 2.9% to close at 12,208.5. NASDAQ
9,063
jumped 3.3% to settle at 2,738.6. S&P 500 gained 3.4% to end at 1,284.6.
9,050
Asian Market Snapshot
9,038
 Asian markets are trading higher this morning, as European lawmakers’
measures to stem the region’s sovereign debt crisis, and better- than-
9,025
9:00 9:45 10:30 11:15
expected US GDP data renewed investors’ confidence in the global economy.
Moreover, better-than-expected unemployment and household spending
data in Japan boosted market sentiment further. In Japan, construction
Manoj Ladwa 0207 392 1487
equipment maker, Komatsu, paced higher, after the company announced a
Index and Equity Desk 0207 392 1479
share buyback programme. Sharp traded higher, after the company reported
Institutional Equities 0207 392 1477 a rise in its second-quarter earnings. In Hong Kong, energy stock, PetroChina,
Commodities 0207 392 1403 gained value after the company reported a rise in its third-quarter net
Options 0207 392 1472 income. Banking stock, ICBC paced higher, after the company reported a
Currencies 0207 392 1455 28.0% rise in its profit. Jiangxi Copper and Aluminum Corp. of China gained
Internet Dealing Desk 0207 392 1434
values in line with a rise in commodity prices. In South Korea, financial
stocks, Woori Finance Holdings and KB Financial gained values. Nikkei 225
index is trading 1.1% higher, at 9,022.5. Hang Seng index is trading 1.9%
higher at 20,052.4, while the Kospi index is trading 1.0% higher, at 1,940.9.
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. 28 October 2011
Commodities
94.5
1755.0 8,300 2,250
8,050
93.6 1742.5 2,213
7,800
$/ M T
$/ b b l
7,550 2,175
$ /OZ
92.6 1730.0
7,300
2,138
91.7 7,050
1717.5
6,800 2,100
90.7
0:00 5:30 11:00 16:30 22:40 1705.0 14-Oct 19-Oct 24-Oct 27-Oct
0:00 5:40 11:20 17:00 22:50 Copper - LHS Aluminium - RHS
 In Asia, crude oil for December delivery is trading 0.8% or $0.73 lower at $93.23 per barrel. Yesterday, crude oil for December
delivery rallied 4.2% or $3.76 to end at $93.96 per barrel, as European leaders announced details of a plan to rescue Greece,
recapitalize European banks and boost the European Financial Stability Facility to about $1.4 trillion. Crude oil prices also rose,
amid expectations of an increase in demand, after the US Commerce Department reported that the US economy grew at an
annual rate of 2.5% in the third quarter.
 Gold for immediate delivery is trading 0.1% lower today, at $1,745.27 per ounce. Gold for December delivery added 1.4% or
$24.20 to settle at $1,747.70 per ounce yesterday, as the dollar weakened against the euro, increasing the demand for the
precious metal as a hedge against inflation.
Currencies
1.1520 1.6140 1.4260
1.1465 1.6090 1.4158
1.1410 1.6040 1.4055
1.1355 1.5990
1.3953
1.1300 1.5940
1.3850
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 0.1% lower against the USD at $1.6083, 0.1% higher against the EUR at €1.1348, and 0.2% lower
against the JPY at ¥121.99.
 The EUR is trading 0.2% lower against the USD at $1.4173.
 The EUR is trading 0.3% lower against the JPY at ¥107.50.
 The JPY is trading higher against the USD and the EUR, amid speculation that Japan’s central bank would avoid intervening in
foreign-exchange markets. The JPY was trading higher despite Bank of Japan adding about ¥5 trillion towards stimulus
intended to respond to the currency appreciation and fallout from the European crisis.
 The AUD and NZD are trading higher against the USD, as easing concern about Europe’s sovereign debt crisis and signs of
growth in the US economy, raised demand for high-yielding currencies. The currencies also paced gains after China showed its
willingness to co-operate with Europe’s revised bailout plan.
 Yesterday, the EUR and CAD ended higher against the USD, after European leaders announced a plan to deal with the Greek
debt and boost the eurozone bailout fund, raising demand for risky assets.
 The GBP closed lower against the EUR, after European Union leaders agreed to expand a rescue fund for indebted nations,
damping demand for the perceived safety of the UK currency.
2 From The Floor Refer to the last page for disclaimer

3. 28 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 GfK Consumer Confidence Survey (Oct) -32.00* -30.00 Monthly
France 7:45 Consumer Spending (MoM) (Sep) 0.00% 0.20% Monthly
France 7:45 Consumer Spending (YoY) (Sep) -0.70% 0.30% Monthly
Switzerland 10:30 KOF Swiss Leading Indicator (Oct) 1.04 1.21 Monthly
US 13:30 Personal Consumption Expenditure Core (MoM) (Sep) 0.20% 0.10% Monthly
US 13:30 Personal Consumption Expenditure Core (YoY) (Sep) 1.70% 1.60% Monthly
US 13:30 Personal Income (MoM) (Sep) 0.30% -0.10% Monthly
US 13:30 Personal Spending (MoM) (Sep) 0.60% 0.20% Monthly
US 13:30 Employment Cost Index (Q3) 0.60% 0.70% Quarterly
US 14:55 Reuters/Michigan Consumer Sentiment Index (Oct) 58.00 57.50 Monthly
Japan 0:30 Household Spending (YoY) (Sep) -1.90%* -4.10% Monthly
Japan 0:30 Jobless Rate (Sep) 4.10%* 4.30% Monthly
Japan 0:30 National Consumer Price Index (YoY) (Sep) 0.00%* 0.20% Monthly
Japan 0:30 Job-To-Applicant Ratio (Sep) 0.67* 0.66 Monthly
Japan 0:30 Tokyo Consumer Price Index (YoY) (Oct) -0.50%* -0.30% Monthly
Japan 0:30 Tokyo Consumer Price Index Ex-Fresh Food (YoY) (Oct) -0.40%* -0.10% Monthly
Japan 0:50 Industrial Production (MoM) (Sep) -4.00%* 0.80% Monthly
Japan 5:00 Vehicle Production (YoY) (Sep) - 1.80% Monthly
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d 440.00
UK 0.7% 5.2% 2.5%
US 1.6% 3.9% 2.2% 427.50
Japan -1.0% 0.2% 1.0%
415.00
France 1.6% 2.2% 3.3%
Germany 2.7% 2.6% 2.1%
402.50
Brazil 3.1% 7.3% 4.0%
Russia 3.4% 7.2% 6.0% 390.00
Oct-11
Oct-11
May-11
Jun-11
Jun-11
Jun-11
Jul-11
Jul-11
Aug-11
Aug-11
Sep-11
Sep-11
India 7.7% 9.0% 8.8%
China 9.1% 6.1% 3.7%
3 From The Floor Refer to the last page for disclaimer

4. 28 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)
Shire Plc Q3 GBP 2.00 4,129.97
Avocet Mining Plc Q3 GBP 0.25 262.61
Rugby Estates Plc Interim GBP - 18.30
Scottish Mortgage Investment Trust Plc Interim GBP - -
OJSC Magnit GDR (Reg S) Interim - - -
Note: All Estimates are for Full Year
WPP Plc
Animalcare Group, Genesis Emerging Markets Fund Ltd., Goldplat, Tricor, Webis Holdings
Espirito Santo Financial Group SA, Polyus Gold International Ltd. GDR (Level I)
Consort Medical, Norcon, Produce Investment, Ruffer Investment Company Ltd., Utilico Investments Ltd (DI)
Costain Group, Downing Absolute Income VCT 1 'C' Shares, F&C Asset Management, Fairpoint Group, Filtrona Plc, In-
ternational Public Partnerships Ltd., InterQuest Group, Martin Currie Global Portfolio Trust, Morson Group, New Britain
Palm Oil Ltd. (DI), Panther Securities, Primary Health Properties, Severfield-Rowen, Vitec Group, Dow Chemical Co, F&C
Commercial Property Trust 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)
Total Sa Q3 EUR 5.28 173,357.00
Ab Electrolux Q3 SEK 10.46 101,775.00
Ncc Ab Q3 SEK 10.86 50,282.90
Ssab Ab Q3 SEK 5.75 45,064.00
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
Chevron Corp Q3 USD 12.64 267,010.00 D
Merck & Co Inc Q3 USD 3.83 47,040.00 U
The Goodyear Tire & Rubber Co Q3 USD 2.22 25,340.00 U
CIGNA Corp Q3 USD 5.63 23,050.00 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. 28 October 2011
What’s Hot & What’s Not
National Grid -2.0%
17.6% Barclays
12.3% Vedanta Resources Shire -1.6%
United Utilities -1.1%
10.8% Xstrata
10.1% Royal Bank of Scotland GlaxoSmithKline -1.0%
9.9% Glencore International SSE Plc -0.6%
British Sky Broadcasting -0.6%
9.4% Kazakhmys
8.8% Aviva Reckitt Benckiser Group -0.4%
Randgold Resources Ltd
8.7% Ashmore Group -0.3%
8.7% Schroders - A British American Tobacco -0.1%
8.5% Intl Consolidated Airlines Group
0.0% 4.5% 9.1% 13.6% 18.1% -2.5% -1.9% -1.3% -0.6% 0.0%
Major Movers & Shakers
 Banks, Barclays and RBS, soared 17.6% and 10.1%, respectively, after the European Banking Authority reports showed that UK
banks would not require additional capital.
 Miners, Vedanta Resources and Xstrata rallied 12.3% and 10.8%, respectively, tracking higher base metal prices.
 Kazakhmys jumped 9.4%, after stating that it would meet its entire production target for 2011.
 Aviva surged 8.8%, benefitting from a recovery in the equity markets.
5 From The Floor Refer to the last page for disclaimer

6. 28 October 2011
Disclaimer
This e-mail, including its contents and any attachments are confidential. Please delete this email and notify the sender
immediately, if you are not the named recipient. You should not copy it for any purpose or disclose its contents to any other
parties. Copyright is the property ETX Capital.
Any prices or data contained herein are indicative and subject to change without notice; its accuracy is not guaranteed and
should not be relied on. E-mail transmission cannot be guaranteed to be secure or free from errors. The sender therefore does
not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission.
Although ETX Capital has taken reasonable precautions to minimise the risk of transmitting software viruses, we advise you to
carry out your own virus checks on any attachment to this message. We make no representation or warranty as to the absence
of viruses in this e-mail or any attachments. In order to protect our customers and business and comply with our regulatory
requirements, we may monitor and read e-mails sent to and from our server(s).
If you receive this email in error, please telephone +44 (0) 20 7392 1494
ETX Capital is a trading name of Monecor (London) Limited which is registered in England at Beaufort House, 15 St Botolph
Street, London, EC3A 7DT under company number 851820, and is authorised and regulated by The Financial Services Authority,
FSA registration number 124721
6 From The Floor