(Updates prices, adds closing prices for oil, European index, fresh market commentary)
By Sujata Rao and Elizabeth Dilts Marshall
NEW YORK, Sept 13 (Reuters) – World stock markets edged lower on Monday on worries over inflation and moves to tax the world’s biggest companies, as investors awaited U.S. consumer inflation data due out Tuesday.
Leading U.S. House of Representatives Democrats said they are seeking to raise the tax rate on corporations to 26.5%, up from the current 21%.
The U.S. consumer price data due out on Tuesday will give a broad picture of the economy’s progress ahead of the Federal Reserve’s meeting next week.
The MSCI world equity index, which tracks shares in 45 nations, shed 0.22%, while U.S. stocks were mixed.
The Dow Jones Industrial Average rose 0.4% and the S&P 500 fell 0.17%. The Nasdaq Composite dropped 0.4%, as investors pivoted away from major technology stocks to sectors more likely to benefit from an…