For Europe, EUROSTOXX 50 futures and DAX futures both dipped 0.1%, while FTSE futures fell 0.4%.
S&P 500 futures were flat, while Nasdaq futures firmed 0.2%, having climbed 5% last week amid a slew of upbeat earnings reports.
Analysts at BofA noted that with nearly 90% of S&P 500 results in, earnings per share were up 30% on the year after excluding investment gains at Alphabet and Amazon. A 76% EPS beat rate matched the strongest level since 2021.
"AI remains the stand out, with median EPS growth of 28% versus 12% for non-AI-related stocks, though consensus expects AI to slow to 16% next quarter," they said in a note.
Earnings are lighter this week but include semiconductor company Applied Materials, networking equipment maker Cisco and cloud infrastructure technology company CoreWeave.
In bond markets, yields on 10-year Treasuries were a shade higher at 4.662% with the market bracing for $125 billion in new issuance this week.
The drop in yields and general improvement in risk had pulled the U.S. dollar broadly lower, with the euro just off a seven-week top at $1.1554.
The dollar added 0.2% on the yen to 158.23, though investors were still wary of intervention should they push the yen down too far.
Bank of Japan policy makers warned of mounting inflation risks that could require a nimble, faster-than-expected pace of interest rate increases, a summary of opinions at their July meeting showed, boosting the case for a September hike.
In commodity markets, the drop in yields helped non-interest-paying gold hold at $4,320 an ounce, having climbed more than 7% last week.
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