Stock futures were little changed Monday as investors prepared for a slate of inflation data later in the week and braced for the start of the second-quarter earnings season. Futures tied to the Dow Jones Industrial Average rose just 9 points, or 0.03%. Nasdaq-100 futures ticked down 0.17%, while S&P 500 futures traded 0.07% lower. This week’s inflation data follows a rate hike skip at the June Federal Open Market Committee meeting. The consumer price index report is due out Wednesday, followed by the producer price index — a measure of wholesale price pressures — due Thursday. Wall Street is coming off a losing week. The S&P 500 pulled back 1.16%, while the Nasdaq Composite and Dow Jones Industrial Average fell 0.92% and 1.96%, respectively. Despite nonfarm payrolls growing less than expected in June, slightly stronger-than-expected wage growth raised concern over the potential for more Federal Reserve rate hikes. Investors also have a slew of quarterly earnings reports to consider this week. Finance behemoths BlackRock, JPMorgan Chase, Wells Fargo and Citi will all report and kick off the second-quarter earnings season. “We believe S&P 500 earnings will face significant pressure during the rest of the year and enter an earnings recession,” Morgan Stanley analyst Edward Stanley wrote in a Sunday note to investors. “The reason is negative operating leverage — when cost growth exceeds sales growth, earnings growth takes a steep hit.” Asia-Pacific markets are mixed ahead of key inflation reports this week, including the U.S. consumer price index report due Wednesday and the producer price index on Thursday. In the region, China’s consumer price index was flat in June year-on-year, its lowest level since February 2021. Meanwhile, producer prices fell 5.4% year-on-year, the fastest rate of decline since December 2015. In Japan, the Nikkei 225 fell 0.61% to close at 32,189.73, extending its losing streak to five days, with the Topix seeing a 0.61% loss to end at 2,243.33. South Korea’s Kospi closed 0.24% lower at 2,520.7, also seeing its fifth straight day of losses, and the Kosdaq saw a loss of 0.8% to end at 860.25. Australia’s S&P/ASX 200 fell 0.54% to 7,004, its lowest level since March 27. Hong Kong’s Hang Seng index rebounded and climbed 0.58% in its final hour of trade, with mainland Chinese markets also all higher. The Shanghai Composite gained 0.22%, closing at 3,203.7 and snapping a three day losing streak, while the Shenzhen Component rose 0.5% on Monday to end at 10,942.83. Oil prices dipped on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude supply cuts from Saudi Arabia and Russia limited losses. Brent crude futures fell 60 cents, or 0.76%, to $77.87 a barrel, and U.S. West Texas Intermediate crude was at $73.26 a barrel, also down 60 cents, or 0.8%. Gold prices were little changed on Monday after U.S. jobs data last week cast doubts over the labor market’s strength, prompting investors to be more skeptical of the Federal Reserve’s rate hike trajectory. Spot gold was steady at $1,923.59 per ounce. U.S. gold futures were down 0.2% at$1,928.70 per ounce.