Stock futures slipped Monday ahead of a busy week for corporate earnings. Futures tied to the Dow Jones Industrial Average lost 87 points, or 0.3%, while S&P 500 futures slipped 0.1%. Futures connected to the Nasdaq-100 were marginally higher. Stocks are coming off a winning week that saw the Dow Jones Industrial Average gain 2.3% to notch its best weekly gain since March. The S&P 500 and Nasdaq Composite added 2.4% and 3.3%, respectively. On Friday, the Dow rose 113.89 points, or 0.33%, while the S&P and Nasdaq slipped 0.1% and 0.18%, respectively. The moves came on the heels of solid big bank earnings and softer inflation reports that lifted investor sentiment. That heightened some hopes the Federal Reserve may be able to tamp down inflation without tipping the economy into a recession. “It’s the Goldilocks scenario, it’s inflation coming down with near record low unemployment,” Kathryn Rooney Vera, chief market strategist at StoneX, told CNBC’s “Last Call” on Friday. “Yes, people have some pain … with prices, but they have jobs. Evidence is increasingly favorable for the soft landing viewpoint, and immaculate disinflation is what has the market going crazy.” Second-quarter earnings season gains steam this week with results from big financial institutions such as Bank of America, Morgan Stanley and Goldman Sachs. Results are also due from United Airlines, Las Vegas Sands and technology giants Tesla and Netflix. Wall Street are bracing for what be a gloomy season with lower profits. Analysts forecast a more than 7% decline in S&P 500 earnings from a year ago, according to FactSet. This week also ushers in the Fed’s “blackout period” ahead of its July policy meeting. Traders anticipate a near 97% chance the central bank increases interest rates later this month, after pausing hikes in June, according to CME Group’s FedWatch tool. Asia-Pacific markets fell on Monday as investors digested key economic data from China. Most notably, the world’s number two economy reported that GDP for the second quarter grew 6.3%, lower than economists expected. Hong Kong markets will likely be closed all Monday due to a warning issued for Typhoon Talim. The Hong Kong Observatory expects storm signal No. 8 to remain in force until at least 4pm. The Hong Kong Exchange usually cancels the morning trading sessions if the typhoon signal is No. 8 or above, and all trading sessions for the day will be cancelled if signal No. 8 or above remains in force by noon. In mainland China, the Shanghai Composite fell 0.87%, leading losses in the region and closing at 3,209.62. The Shenzhen Component was down 0.63% to end at 11,010.36. In Australia, the S&P/ASX 200 closed marginally lower at 7,298.50, snapping a four day winning streak. The country will release unemployment figures later this week, which will give clues to the Reserve Bank of Australia’s rate decisions. South Korea’s Kospi dipped 0.35% to end at 2,619, also ending a four-day winning streak. The Kosdaq bucked the regional trend and was up 0.22% to close at 898.29. Elsewhere Japan’s markets are closed for Marine Day. Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fueled concern over demand in the world’s second-biggest oil consumer while a partial restart of halted Libyan output also pressured. Brent crude last fell 96 cents, or 1.2%, to $78.91 a barrel and U.S. West Texas Intermediate crude dropped by 97 cents, or 1.29%, to $74.45 on a second straight day of losses for both contracts. Gold prices held steady on Monday, buoyed by a softer dollar, as investors awaited for more cues on the U.S. Federal Reserve’s monetary policy tightening amid signs of cooling inflation. Spot gold was last up 0.14% to $1,957.7122 per ounce. U.S. gold futures fell 0.13% to $1,961.80. The dollar hovered close to a more than one-year low against its rivals, making gold less expensive for other currency holders.