The NZX 50 was little changed in early Monday trade, hovering near 12,850 after modest losses in the previous session. Gains in consumer durables and healthcare helped offset softness in industrial services and utilities. Traders remained cautious ahead of key U.S. inflation prints, with CPI and PPI data due later this week. Meanwhile, China’s July consumer prices surprised to the upside, buoyed by government subsidies, even as producer prices fell for the 34th straight month, matching June’s pace of decline. Locally, New Zealand’s July food inflation figures are expected soon, following June’s 18-month high. June visitor arrival data will also draw attention. Separately, U.S. futures edged higher following President Trump’s nomination of Stephen Miran to the Fed board, a move widely seen as signaling a dovish policy tilt. Among single stocks, Ryman Healthcare (1.7%) and Infratil (1.4%) advanced while Delegat Group (-2.3%) and Serko Ltd. (1.5%) fell.