(Updates prices, adds closing prices for U.S. markets, changes headline, adds new commentary)
By Elizabeth Dilts Marshall
NEW YORK, Sept 13 (Reuters) – World stock markets edged higher on Monday as gains on Wall Street and European indexes pushed aside – for now – fears over inflation, regulation and higher corporate taxes.
Investors’ focus now shifts to Tuesday’s U.S. consumer price data, which will give a broad picture of the country’s economic recovery ahead of the Federal Reserve’s meeting next week.
MSCI’s gauge of stocks across the globe gained 0.05%, and the pan-European STOXX 600 index rose 0.29%.
The S&P 500 closed 0.2% higher, ending a five-day losing streak, with the Dow Jones Industrial Average also ending the day higher, up 0.76%. The NASDAQ slipped less than 0.1%.
The dollar climbed to a two-week peak, and oil prices topped 6-week highs.
“European and U.S. equity markets largely shrugged off rising concerns about regulatory…