A financial warning from history. This article was written almost 18 years ago, shortly after the EU formally agreed to introduce the Euro in 1999. What foresight!

Global oil markets are witnessing a profound change in the shape of a correction that happens once in 20 years if not more. The oil price slide, which began in July 2014 and has seen major benchmarks shed over 50% of their value, is quite unlike any other slump in recent memory.

I’ve been watching the FTSE 100 like a hawk over the last few days. The FTSE 100 has tried and failed on at least nine occasions over the last two years to break its 6,950.6 record…

The Baltic Dry Index (BDI) has collapsed over the last two months. This index, derived from activity on twenty-three of the world’s busiest shipping lanes, has historically acted as an excellent proxy for global growth.

For the last two years the FTSE 100 has been relatively easy to trade. Stuck in a 900 or so point range, Britain’s index of leading companies has failed to make a new all-time high, despite at least nine attempts.

There is something different about Greece’s new finance minister, Yanis Varoufakis, which markets don’t yet seem to have woken up to. He speaks the truth.

Yet again Apple and Tim Cook produced another incredible set of earnings and managed to produce the biggest quarterly profit in history.

The Nigerian focused and FTSE 250 oil explorer, Afren, seems to have a habit of releasing awful RNS’s of late. After the resources write down in Kurdistan a few weeks, which followed the controversy about illegal payments to the COO and CEO Osman Shahenshah and subsequent dismissal..

Things didn’t look great for the euro earlier today with the currency trading against the dollar at a fresh 11 year low of 1.10976 yesterday on the news that the left wing Syriza party had won the Greek election over the weekend.

The European Central Banks decisive action to combat deflation in the eurozone with a heavy dose of quantitative easing has left the euro looking rather sick.