Breakfast Briefing – Tue 12 Oct

US markets gave up early gains and dived into the close to finish on the session low. It's not all bad news, however, with commodity prices strong; WTI above US$80 a barrel, iron ore up nearly 10%, coal up 8%, aluminium at a 13-year high. 

• ASX 200 SPI Futures down 27.
• Energy prices up as coal surges on Chinese floods.
• Focus on resource stocks as iron ore up 9.5%

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.