Europe flat, UK dips, SP 500 futures edge higher
Focus on U.S. and China inflation data this week
Treasury yields inch up again, after Friday39;s rally

LONDONSYDNEY, Aug 7 Reuters World shares traded cautiously on Monday after a mixed U.S. jobs report triggered a rally in beatendown bonds, but new hurdles lay ahead in the shape of U.S. and Chinese inflation figures due later this week.

MSCI39;s broadest index of shares edged lower in thin trade, after losing 2.6 last week.

European shares opened largely flat, except for UK stock markets which opened lower, weighed down by heavyweight miners, while shares of Unite Group fell to the bottom of the index after a rating downgrade.

Chinese blue chips eased 0.9 with investors still disappointed at the lack of major and concrete stimulus steps from Beijing while the Nikkei had risen 0.2 by 0822 GMT.

A summary of the last Bank of Japan meeting showed members felt making yield policy more flexible would help extend the life of its supereasy stimulus.

SP index futures added 0.5, while Nasdaq futures ticked up 0.6.

With roughly 90 of SP 500 earnings reported, results are 4 better than consensus estimates, with more than 79 of companies beating the Street, according to Refinitiv IBES data. Results due this week include Walt Disney and News Corp.

Data on U.S. consumer prices are forecast to show headline inflation picking up slightly to an annual 3.3, but the more important core rate is seen slowing to 4.7.

Markets are…