Australian shares were little changed in Wednesday morning trade, hovering near 8,789 after four straight sessions of losses and lingering at their lowest level in over a week. Traders awaited May CPI data later today, with forecasts pointing to faster annual inflation after April’s 4.2% but a rare monthly decline, the first in nine months. Labor market figures due Thursday also kept sentiment cautious. Meanwhile, U.S. equity futures were muted after a sharp selloff in tech and chipmakers dragged Wall Street lower overnight. Gains in tech services, consumer, healthcare, and commercial sectors helped offset weakness in non-energy and energy minerals. Early local movers included Lynas Rare Earths (2.5%), CSL Ltd. (2.3%), and Aristocrat Leisure (1.5%). In the meantime, two of the four big banks also posted modest gains. On the downside, Genesis Minerals slipped 3.6%, followed by Greatland Resources (-3.5%), Insurance Australia Group (-2.2%), and Perseus Mining (-1.4%).