Stock markets did well across the world in $2019,$ though there was some variation in total returns, with Asian markets generally outperforming North American and European ones slightly.

Question $1$ options:

The passage contains an argument; the final conclusion is: Stock markets did well across the world in $2019.$

The passage contains an argument; the final conclusion is: There was variation in stock market returns in $2019.$

The passage contains an argument; the final conclusion is: Asian markets outperformed both North American and European markets in $2019.$

An explanation, not an argument

Neither an explanation nor an argument