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Asia-Pacific Markets Dip, U.S.-China Relations Remain Competitive

U.S. crude oil prices fall as stock futures oscillate; Emerging market equities expected to deliver high returns.

  • Asia-Pacific markets dipped on Friday as a mid-week rally sparked by hopes of cooling U.S. inflation lost steam.
  • U.S.-China relations will remain competitive despite high-stakes Biden-Xi meeting, with continued tech competition and de-risking away from China.
  • U.S. crude oil prices fell 5% on Thursday, as inventories rose while slowing industrial activity raised concerns about softening demand.
  • Stock futures oscillated near the flatline Thursday evening as investors looked to keep this month's gains going.
  • Emerging market equities are expected to deliver the highest return among major asset classes in the next decade, according to UBS.
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