U.S. stock futures were slightly lower on Monday after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week. Nasdaq-100 futures fell 0.2%, while S&P 500 futures fell a slight 0.05%. On the other hand, Dow Jones Industrial Average futures rose by 47 points, or 0.1%. In the premarket, Nvidia shares dropped on the heels of a Chinese regulator announcing that it’s investigating the AI chip darling for potentially violating the country’s antimonopoly law. Last week, the broad market S&P 500 and tech-heavy Nasdaq closed at fresh records Friday, rising 1% and 3.3% for the week, respectively. The Dow was the lone laggard, closing the week down 0.6%. Those moves come after the November jobs report showed stronger-than-expected growth, but not so much strength as to dent investor hopes the Federal Reserve will lower interest rates this month. The CME FedWatch Tool shows markets pricing in an 85% chance the target rate will be lowered by a quarter point at the conclusion of the Dec. 18 meeting. “Everything else is working exactly the way the Fed wants,” Wharton School’s finance professor Jeremy Siegel told CNBC’s “Closing Bell” on Friday. “I think we’re going to have one rate cut on that December 18 meeting, but truthfully, I think only two or three rate cuts next year. I think this strength could last.” The Fed is now in a blackout period ahead for commentary of its policy-setting meeting, but investors will get one final piece of insight into their decision-making with key inflation data set to be released this week. The November consumer price index, due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively. That would be up from 0.2% and 2.6%, respectively, from the prior month. On Monday, investors await October wholesale inventories data, due at 10 a.m. ET. The 10-year U.S. Treasury yield edged higher on Monday as investors continued to assess how the latest jobs data could impact the Federal Reserve’s interest rate decision next week. The yield on the 10-year Treasury rose less than 2 basis points to 4.17%, regaining some ground after losing steam last week. The 2-year Treasury yield was also up less than 2 basis points at 4.112%. Hong Kong’s Hang Seng index jumped nearly 3% in its final hour of trade, after china vowed “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption. Prior to the news, mainland China’s CSI 300 index fell 0.17% to close at 3,966.57 after China’s consumer price growth came in below expectations in November. South Korea’s Kospi stock index fell after President Yoon Suk Yeol survived an impeachment vote over the weekend as the fallout from his brief declaration of martial law continues to roil the country. The benchmark index fell 2.78% to 2,360.58, while the small-cap Kosdaq dropped 5.19% to 627.01 as investors continued to monitor the country’s political situation. Japan’s Nikkei 225 climbed 0.18% to end the trading day at 39,160.5, while the Topix gained 0.27% to 2,734.56. The country’s third-quarter gross domestic product was revised to 0.3% on a quarter-on-quarter basis, up from 0.2% and above estimates from a Reuters poll that predicted no change. Australia’s S&P/ASX 200 ended marginally higher at 8,423. Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting. Brent crude futures were up 84 cents, or 1.18%, to $71.96 per barrel. U.S. West Texas Intermediate (WTI) crude futures gained 91 cents, or 1.35%, to $68.11. Gold prices climbed on Monday as China’s central bank resumed gold purchases after a six-month pause, while expectations for an interest rate cut at the Federal Reserve’s meeting next week strengthened. Spot gold gained 0.9% to $2,655.81 per ounce, as of 1241 GMT. U.S. gold futures added 0.7% to $2,678.20.