The NZX 50 rose 20 points, or 0.1%, to 13,831 on Monday, recovering part of its morning decline and losses from the previous session. Gains in consumer staples, utilities and real estate supported the index, although declines in materials, technology and industrials limited the advance. High US Treasury yields and rising oil prices also constrained the market after US President Trump rejected a peace deal with Iran to reopen the Strait of Hormuz. Persistent oil prices raised inflation concerns, while RBNZ Governor Anna Breman warned recently that inflation could rise further if elevated oil prices continue. Traders were awaiting New Zealand business confidence for September, China’s purchasing managers’ index (PMI), and the US personal consumption expenditures (PCE) Index and jobs data, which could offer clues about the Federal Reserve’s monetary policy decision at its upcoming meeting. Delegat Group rose 3.5%, A2 Milk gained 2.7%, Meridian Energy advanced 2.2%, ANZ Group increased 1.8%, and Mercury NZ climbed 1.2%.