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The 10 biggest events in financial markets in 2015

Published 24/12/2015, 15:02
EUR/CHF
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Swiss franc roll
On January 15 the Swiss National Bank stunned markets by scrapping its three-year old cap on the franc, sending EUR/CHF to a record low
Bund tantrum
German bonds collapsed in May and June, but the break below zero never happened and less than two months later it was almost back at 1% - German stocks exchange
Sub-zero euro yields
At the end of 2015 around €2 trillion worth of euro zone sovereign bonds, a third of all outstanding, now trade with a negative yield
The big easy
2015 was the year of central bank largesse as 43 monetary authorities eased policy, including serial easers like China and Russia
China crisis
Worries over China peaked in the summer, resulting in a 45% drop in stocks, accelerated capital flight and a record fall in FX reserves
Submerging markets
The combination of China's crisis, tumbling commodity prices and prospects of a U.S. rate hike was a triple whammy for emerging markets – BRAZIL STOCK EXCHANGE
Grexit drama
Greece came closer than ever to crashing out of the euro, defaulting on an IMF loan before a bailout was eventually agreed weeks later
Dow’s summertime blues
On August 24, the Dow had its biggest fall in four years, plunging more than 1,000 points at the open amid mounting concern over China
Toxic trio triumph
Ukrainian bonds are the world's best performers this year, returning almost 50% and Venezuela and Argentina are number two and three
Fed up
The Federal Reserve raised U.S. interest rates for the first time since June 2006 in December, bringing an end to lift-off uncertainty

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