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Frenkel Topping Group Plc

Weekly Investment Update

Geo-political news

COVID-19 – The US reported almost 37,000 new coronavirus cases this Wednesday, which marked the largest one-day figure since the pandemic began. Arizona, Florida and Texas are amongst the worst states to be hit by the resurgence of cases, as all of the states reported a huge surge in hospitalisations. The economic effects of the pandemic in the US continue to filter through, as jobless claims continue to rise. The figure is expected to climb over 1.3 million, making it the 14th week in a row in which the number of claims has surpassed the previously unprecedented 1 million mark. The total claims figure is expected to exceed 20 million when the data is published.

In other news, the European Union continue to hold talks regarding the restarting of travel between countries, which comes as many members have expressed their desire to restore normal economic activity. The decision is being considered as to whether the US should be excluded from the initial reopening however, following the sharp rise in cases reported this week. The UK are also looking to relax quarantine restrictions on travel, including so-called “air bridges” with certain countries.

Frenkel Topping Group Plc, together with its subsidiaries, provides independent financial advisory and investment management services to personal injury and clinical negligence victims in the United Kingdom.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.