Italy OECD CLI in 2015
Italy OECD CLI opened 2015 at 99.77 and closed at 100.87, a +1.11% move for the year. The high of 100.88 was reached on November 1, and the low of 99.77 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 99.77 | 99.77 | 99.77 | 99.77 | +0.00% |
| Feb | 99.98 | 99.98 | 99.98 | 99.98 | +0.00% |
| Mar | 100.17 | 100.17 | 100.17 | 100.17 | +0.00% |
| Apr | 100.33 | 100.33 | 100.33 | 100.33 | +0.00% |
| May | 100.42 | 100.42 | 100.42 | 100.42 | +0.00% |
| Jun | 100.47 | 100.47 | 100.47 | 100.47 | +0.00% |
| Jul | 100.52 | 100.52 | 100.52 | 100.52 | +0.00% |
| Aug | 100.59 | 100.59 | 100.59 | 100.59 | +0.00% |
| Sep | 100.71 | 100.71 | 100.71 | 100.71 | +0.00% |
| Oct | 100.82 | 100.82 | 100.82 | 100.82 | +0.00% |
| Nov | 100.88 | 100.88 | 100.88 | 100.88 | +0.00% |
| Dec | 100.87 | 100.87 | 100.87 | 100.87 | +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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