Markets Begin The Week On A Sober Note; Await The Fed's Decision

World markets remain subdued ahead of the FOMC's policy setting meeting on Tuesday and Wednesday. After the ECB's 50 basis-points rate hike, last week, it is now the Fed's turn to raise the benchmark rates. Recession fears continue to linger amidst massive rate hikes by central banks worldwide. Meanwhile, data showed Germany's Business Climate Indicator falling to a two-year low.

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