Home Markets Global stock markets edge higher on U.S., European markets

Global stock markets edge higher on U.S., European markets

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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 (.MIWD00000PUS) gained 0.05%, and the pan-European STOXX 600 index (.STOXX) rose 0.29%.

The S&P 500 (.SPX) closed 0.2% higher, ending a five-day losing streak, with the Dow Jones Industrial Average (.DJI) also ending the day higher, up 0.76%. The NASDAQ (.IXIC) slipped less than 0.1%.

The dollar climbed to a two-week peak, and oil prices topped 6-week highs. read more

“European and U.S. equity markets largely shrugged off rising concerns about regulatory dominance in Chinese tech stocks, as focus turns towards US CPI for August,” ANZ…

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