(Bloomberg) -- Asia stocks rose in early trade Thursday after technology shares weighed on U.S. markets, offsetting optimism over solid corporate earnings and economic reports. Bonds pared overnight gains.Shares opened higher in Australia and Japan, where trading resumes after holidays. Futures pointed higher in Hong Kong and U.S. contracts were little changed after the tech-heavy Nasdaq 100 ended in the red, while the S&P 500 notched a small gain. Boston Federal Reserve President Eric Rosengren suggested that the U.S. mortgage market no longer needs as much support, advancing the debate on when the central bank might start tapering its monthly bond purchases.The benchmark 10-year Treasury yield edged higher in Asia’s morning. The U.S. government said it will sell $126 billion of long-dated bonds in next week’s refunding, unchanged from last quarter, which suggests its financing needs may have peaked.As the world’s largest economy rebounds, investors are increasingly focused on when the central bank might start throttling back its emergency support. Economists surveyed by Bloomberg expect the Fed will announce a reduction in the pace of bond purchases in the fourth quarter. While Chairman Jerome Powell hasn’t yet shifted from his message that it’s too soon to discuss such a move, policy makers have begun to address the issue more directly.“The housing market is quite strong right now and housing prices have been going up,” Rosengren told Bloomberg TV. “So the need for buying mortgage-backed securities at the pace that we have been doing probably is not nearly as needed as it was much earlier in the recovery.”Meanwhile, the surge in commodity prices continues to fuel debate over whether price pressures could get out of hand. The Bloomberg Commodity Spot Index returned to its highest level since 2011 as growth bets boost demand, while poor weather and transportation bottlenecks threaten supply. U.S. lumber futures notched fresh record highs as sawmills try to keep up with rebounding demand. Oil gave up earlier gains as traders assessed an increase in gasoline stockpiles.Here are some key events to watch this week:Bank of England rate decision ThursdayThe April U.S. employment report is released on FridayThese are some of the main moves in markets:StocksS&P 500 futures were steady as of 9:25 a.m. in Tokyo. The index was little changedNasdaq 100 futures rose less than 0.1% after the gauge fell 0.3%Japan’s Topix Index rose 1.5%South Korea’s Kospi edged up 0.1%Australia’s S&P/ASX 200 Index climbed less than 0.1%Hong Kong’s Hang Seng Index futures rose 0.3% earlierCurrenciesThe Bloomberg Dollar Spot Index was steadyThe Japanese yen was at 109.24 per dollarThe offshore yuan was at 6.4845 per dollarThe euro was little changed at $1.2007BondsThe yield on 10-year Treasuries rose two basis points to 1.58% Australia’s 10-year yield slipped three basis points to 1.71%CommoditiesWest Texas Intermediate crude fell 0.8% to $65.13 a barrelGold was down 0.1% at $1,784.66 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.