Weekly Market Outlook

The Dow closed 15.9 points lower on Friday, or 0.2%, while the S&P 500 was 0.3% higher and the Nasdaq surged 1.1%.

The Dow gave up its early gains and struggled to find a direction, posting its first negative week in five and only its third weekly loss since the March lows. Conversely, the Nasdaq surged through the course of the afternoon on the back of almost across the board strength in technology stocks, while financial stocks helped support the broader market. However, a decline in oil prices sparked selling in energy stocks, which in turn trimmed much of the upside.

This week shapes up as a quieter one for economic data releases, with most of the news flow coming out of the US market. It kicks off with the June Richmond Fed manufacturing index, May existing home sale and April's house price data on Tuesday and is followed by durable goods and new home sales numbers for May on Wednesday.

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Pulse Health Limited (ASX Code: PHG) is an integrated health services provider with operations encompassing private hospitals, community home care and nursing agencies. The business is supported by a highly experienced management team and board of directors.

The Company’s strategy involves the provision of a range of private health services in regional and metropolitan areas tapping into the opportunity created by the rapid aging of the Australian population.

The current portfolio generates revenue in excess of $40m and include 5 hospitals, 3 community care businesses and a recruitment business. Over the next 3 years, PHG is focused on building sufficient scale to establish a portfolio of assets and is targeting to reach $100m in annualised revenue.

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