Asian shares rose on Thursday as markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S. consumer inflation report later in the day for further monetary policy clues.

Euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years, an ECB survey showed, as rate-setters struggle to convince the public that their plans for taming price pressures are on track.

China's vehicle sales experienced a notable uptick in September, with a 5% year-on-year (YoY) and month-on-month (MoM) increase to 2.02 million vehicles sold, as reported by the China Passenger Car Association (CPCA). This surge was primarily attributed to promotional activities and anticipation of holidays such as the Golden Week.

U.S. producer prices increased more than expected in September amid higher costs for energy products and food, but underlying inflation pressures at the factory gate continued to abate.

The International Monetary Fund (IMF) upheld its global GDP growth prediction at 3% for 2023 and slightly decreased the forecast for 2024 to 2.9%, down by 0.1 percentage points, according to a report published on Tuesday. The IMF also adjusted its world trade growth volume forecasts, lowering this year's prediction from 2% to 0.9% and next year's from 3.7% to 3.5%.

UK consumer card spending saw a 4.2% year-on-year increase in September, according to a report by Barclays published on Tuesday. This is a notable improvement from August's growth of 2.8%, though it still falls short of the 6.3% Consumer Price Index including owner occupiers' housing costs (CPIH) inflation rate.