- U.S. House Democrats aim to hike top corporate tax rate to 26.5%
- U.S. dollar rises to two-week high
- Inflation acceleration, COVID hit to growth watched
- More banks flag equity caution
NEW YORK, Sept 13 (Reuters) – World stock markets edged lower on Monday on inflation worries, as well as tax and regulatory pressures on the world’s biggest companies.
Leading Democrats in the U.S. House of Representatives said on Monday they are seeking to raise the tax rate on corporations to 26.5%, up from the current 21%. NL1N2QF12B
The MSCI world equity index (.MIWD00000PUS), which tracks shares in 45 nations, rose 0.01%, while U.S. stocks started mixed.
The Dow Jones Industrial Average (.DJI) rose 0.72% and the S&P 500 (.SPX) 0.03%. The Nasdaq Composite (.IXIC) dropped 0.41%, as investors pivoted away from major technology stocks to sectors more likely to benefit from an economic bounce later this year.
The dollar climbed to a two-week peak against a…