South Korea's gross domestic product was up a seasonally adjusted 1.3 percent on quarter in the first three months of 2024, the Bank of Korea said on Thursday.

South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on quarter in the first three months of 2024, the Bank of Korea said on Thursday.

The Malaysia stock market has moved higher in six straight sessions, gathering almost 40 points or 2.5 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,570-point plateau and it may be stuck in neutral on Thursday.

The South Korea stock market has alternated between positive and negative finishes through the last five trading days since the end of the four-day losing streak in which it had plunged almost 125 points or 4.6 percent. The KOSPI now sits just above the 2,675-point plateau and it's likely to remain rangebound again on Thursday.

South Korea will on Thursday release preliminary Q1 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to rise 0.6 percent on quarter and 2.4 percent on year after gaining 0.6 percent on quarter and 2.2 percent on year in the three months prior.

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.

WTI futures develop within a bullish channel since December ; Price retreats from a 6-month high but finds support at 50-day SMA ; Oscillators suggest intensifying positive momentum

Bitcoin dipped 0.6%; ROC signals align. Apple rose 0.8%, but stochastic signals negativity. Aussie dollar climbed 0.5%, supported by CCI. Gold fell 0.4%; stochastic RSI suggests oversold. Oil hits $100/barrel; USD index drops. Yen hits multi-year lows vs. USD, Euro.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar Pullback from Overbought Territory Boosts Appeal

Stocks feeling more positive following the US PMI miss; Busy earnings calendar as focus remains on US data prints; Dollar/yen remains a tad below 155 ahead of the BoJ meeting; Aussie benefits from stronger CPI report