Asian stocks rose across the board on Thursday as crude oil extended gains on hopes that big producers will cap output, improving investor sentiment for riskier assets.

Spreadbetters expected a mixed open for European shares, with Britain's FTSE seen dipping on some nervousness as British Prime Minister David Cameron holds "now or never" talks to keep his country in the European Union.

Germany's DAX and France's CAC were forecast to open a touch higher.

Crude oil remained the main market driver. US crude was up 2.1 per cent at $31.34 a barrel following a 7 per cent jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.

"While there has been some confusion as to whether 'support' equals action, oil traders are simply relieved that the world's fourth-largest holder of oil reserves is willing to cooperate," wrote Kathy Lien, managing director of FX strategy at BK Asset Management.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.8 per cent, pulling further away from a three-week low struck last week when a widespread chill in risk appetite amid concern about the euro zone banking sector depressed equities globally.

Japan's Nikkei continued its recovery from last week's 16-month low and gained 3.0 per cent, shrugging off the biggest drop in domestic exports since 2009.

Shanghai stocks rose 0.6 per cent, in muted reaction to data showing China's January consumer inflation quickening to 1.8 per cent from the previous year.

Australian shares climbed 2.2 per cent and South Korea's KOSPI added 1.1 per cent.

"Recovering oil prices have set the stage for an accelerated rebound in global stocks, while minutes from the FOMC supported the mood," said Rhoo Yong-seok, a stock analyst at Hyundai Securities.

Minutes of the January Federal Open Market Committee (FOMC) meeting released on Wednesday showed that policymakers were worried about tighter global financial conditions hitting the US economy and considered changing their planned path of interest rate hikes in 2016.

In currencies, the greenback dipped against the yen and euro on dovish comments from a top Fed official.

It would be "unwise" for the central bank to continue hiking rates given declining inflation expectations and recent equity market volatility, St. Louis Fed President James Bullard had said late on Wednesday in comments that mark a stark change of direction for one of the Fed's more hawkish inflation foes.

The dollar slipped 0.1 per cent to 113.98 yen, putting further distance between a peak of 114.875 touched earlier this week. The euro nudged up 0.1 per cent to $1.1137.

The Canadian dollar touched a two-week high of C$1.3655 .

The Australian dollar, another commodity-linked currency, was down 0.4 per cent at $0.7153 with weaker-than-expected local employment data slicing off a chunk of its overnight gains made on rallying oil.

Spot gold was nearly flat at $1,2089.00 an ounce. The precious metal had managed to snap a three-day losing streak on Wednesday after the Fed's meeting minutes showed policymakers had considered altering their rate hike path.

As the Fed embarked on its first rate hike in a decade late last year, the prospect of higher interest rates weighed on non-yielding gold and pushed prices to near six-year lows. But the metal rebounded to a one-year high of $1,260.60 an ounce last week in the wake of the turmoil in global markets.

In debt markets, higher equities and encouraging US housing and industrial output data pushed the benchmark 10-year Treasury yield to a 9-day high of 1.8470 per cent on Wednesday. The 10-year note yielded 1.8104 per cent in Asia.

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