(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…

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