Part-Time for Economic Reasons in 2015
Part-Time for Economic Reasons opened 2015 at 6,808 and closed at 6,075, a -10.77% move for the year. The high of 6,808 was reached on January 1, and the low of 5,813 on October 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6,808 | 6,808 | 6,808 | 6,808 | +0.00% |
| Feb | 6,665 | 6,665 | 6,665 | 6,665 | +0.00% |
| Mar | 6,633 | 6,633 | 6,633 | 6,633 | +0.00% |
| Apr | 6,611 | 6,611 | 6,611 | 6,611 | +0.00% |
| May | 6,634 | 6,634 | 6,634 | 6,634 | +0.00% |
| Jun | 6,388 | 6,388 | 6,388 | 6,388 | +0.00% |
| Jul | 6,253 | 6,253 | 6,253 | 6,253 | +0.00% |
| Aug | 6,418 | 6,418 | 6,418 | 6,418 | +0.00% |
| Sep | 6,042 | 6,042 | 6,042 | 6,042 | +0.00% |
| Oct | 5,813 | 5,813 | 5,813 | 5,813 | +0.00% |
| Nov | 6,170 | 6,170 | 6,170 | 6,170 | +0.00% |
| Dec | 6,075 | 6,075 | 6,075 | 6,075 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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