The NZX 50 rose 85 points, or 0.6%, to 13,479 in early Monday trading, extending gains from the previous session after news that the US and Iran had reached a peace deal, with the signing set for Friday. The broader index hovered near its highest level since March 6, mainly supported by consumer staples, financials, and consumer discretionary stocks. The latest data also lifted sentiment, with New Zealand card spending rebounding in May. However, gains were capped after New Zealand's private sector activity contracted at the fastest pace in a year, as the services sector shrank for the fourth consecutive month while manufacturing recorded its first contraction in 11 months. Traders also awaited this week's release of New Zealand's Q1 GDP data and the Fed's monetary policy decision. Among the early gainers were A2 Milk (4.5%), Ebos Group (4.2%), AFT Pharmaceuticals (1.6%), Freightways Group (1.1%), Infratil (1.1%), and Turners Automotive Group (1.2%).