Dollar Creeps Up, Brent Crude Advanced

On Wall Street on Friday, the S&P .SPX and Nasdaq .IXIC indexes fell after earnings from companies including Amazon AMXN.O, Exxon Mobil (XOM.N) and Starbucks (SBUX.O) disappointed. 

But the Dow .DJI closed higher and set an intraday record, lifted by Chevron's (CVX.N) strong earnings. 

U.S. corporate results overall have come in better than expected for the second quarter. More than halfway through reporting season, S&P 500 companies are on track to have increased earnings by 10.8 percent, according to Thomson Reuters I/B/E/S. 

S&P E-mini futures ESc1 were down almost 0.1 percent on Monday. 

The dollar index .DXY, which tracks the greenback against a basket of six major peers, edged up 0.15 percent to 93.396, after Friday's 0.6 percent decline. 

Markets are awaiting speeches by Cleveland Federal Reserve President Loretta Mester and San Francisco Fed President John Williams on Tuesday, for further insight into whether the central bank has turned more dovish in light of recently muted inflation.

Investors will also be keeping a close eye on data including euro zone core inflation for July on Monday; the Reserve Bank of Australia's rate decision, at which it is expected to stay on hold, and U.S. manufacturing conditions, due Tuesday; the Reserve Bank of India's meeting on Wednesday, at which it is expected to cut rates; and Bank of England on Thursday, where it is likely to leave rates unchanged. 

A raft of private manufacturing surveys will also be released on Tuesday. 

The euro EUR=EBS retreated slightly to $1.17385, pulling back from Friday's 0.6 percent gain.

In commodities, oil prices rose for their sixth straight session on tightening U.S. supplies and the threat of U.S. sanctions against Venezuela's oil sector. 

U.S. crude futures CLc1 climbed 0.3 percent to $49.87 a barrel, after earlier hitting $50.06, their first foray above $50 in two months. [O/R] 

Brent crude LCOc1 advanced 0.5 percent to $52.78, adding to Friday's 2 percent surge. 

Gold XAU= was little changed at $1,268.26 an ounce, after earlier climbing to its highest since June 14.