U.S. delivery firm FedEx Corp FDX.N shares fell about 5% after a weaker-than-expected quarterly earnings report. Investors were also eying slowing gains in oil prices as they continued to digest the Federal Reserve's Wednesday interest rate increase aimed at combating soaring inflation, its aggressive plan for further hikes, and its trimming of economic growth projections. Biden was expected to tell Xi that Beijing would pay a steep price if it supports Russia's actions in Ukraine, though the White House did not immediately comment after the call.