AU Morning Wrap: ASX Gains, Ramsay Leaps 6.7%

The $S&P 500 Index(.SPX.US)$ closed 1.1 per cent higher. It's been generally edging lower since a five-week rally carried it to its highest level in more than a year in mid-June. The $Dow Jones Industrial Average(.DJI.US)$ added 0.6 per cent and the $Nasdaq Composite Index(.IXIC.US)$ finished 1.6 per cent higher.

The $S&P/ASX 200(.XJO.AU)$ traded 0.7 per cent higher minutes after opening in broad gains, following a strong lead on Wall Street after upbeat US data boosted investors' optimism about the health of the economy despite sharply higher borrowing costs.

$Pointsbet Holdings Ltd(PBH.AU)$: Wagering group PointsBet is expected to update the market about the sale of its US unit. Earlier this month, DraftKings lobbed an indicative $US195 million ($291 million) bid.

$Musgrave Minerals Ltd(MGV.AU)$: Gold producer Musgrave Minerals pushed back $Westgold Resources Ltd(WGX.AU)$'s unsolicited buyout offer, telling shareholders to reject the tilt because it is undervalued. Musgrave unanimously reject the scrip offer of one Westgold share for 5.37 Musgrave shares.

$Ramsay Health Care Ltd(RHC.AU)$: Australia's largest private hospital operator, Ramsay Health Care, is exploring a 50/50 joint venture sale with Sime Darby Health Care, following "significant inbound interest" that is worth considering.

$Qantas Airways Ltd(QAN.AU)$: Qantas has appointed Markus Svensson as domestic CEO. He is currently chief customer officer. Rob Marcolina will be CFO, moving from his executive role in strategy, people and technology. QantasLink CEO John Gissing will retire in November and a search to fill his role has started.

$Harvey Norman Holdings Ltd(HVN.AU)$: Harvey Norman expects $670 million in profit before tax for the 11 months through May. Net property revaluations fiscal 2023 are forecast to fetch $119 million. Full-year results are scheluded on August 31.

Dividends Paid: $GQG Partners Inc(GQG.AU)$