MARKET HIGHLIGHTS
Capital Security Bank
market highlights
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GOOD WEEK
Banco BBVA Argentina (BBAR +19.91%) saw a significant drop in profits because of changes in how they report inflation. Despite this, their operational earnings increased, and the bank is financially robust with a high capital ratio, indicating strong stability.
TAL Education Group (TAL +15.63%) gained as it announced an annual general meeting for shareholder discussions without proposing new resolutions. The meeting provides an open forum for shareholders, enhancing transparency and engagement.
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BAD WEEK
First Quantum Minerals (FQVLF -3.84%) are facing losses due to challenges to its Cobre Panama mine contract in Panama amid protests and allegations of corruption. A ruling against the company could have significant financial consequences.
Sea Limited (SE -2.99%) faced a decline after a remarkable surge in 2020-2021, driven by a multi-faceted strategy. The decline is likely linked to a shift in market sentiment and suggests potential challenges or setbacks in the execution of its multi-sector strategy.
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WHAT ELSE HAPPENED
Oil prices dropped by 2% following an unexpected delay by OPEC+ in their output policy meeting scheduled for Sunday. This delay raises uncertainty about future crude production cuts, leading investors to speculate that the group may not increase output cuts next year.
The Federal Reserve noted decreasing inflation, deciding to maintain the key rate but elevated for potential future hikes. If economic data doesn't show sufficient progress toward the target, rate increases may occur.
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