US-Japan Trade Deal Progress Reported, Announcement May Be Delayed; Nasdaq 100 Futures Down Nearly 1%

Reports indicate that U.S. Treasury Secretary Scott Bessent is close to announcing a significant trade deal with Japan. Multiple sources, including Fox Business and Wall Street executives with ties to the Trump White House, have indicated progress in the ongoing trade negotiations. Some reports suggest the announcement could be delayed, with the Trump administration advised to wait until Monday afternoon to maximize the benefit for stocks and yields. There is no independent confirmation from the White House. Fox Business' Charles Gasparino and other commentators note that while there is progress, a finalized agreement is not seen as imminent. Japanese media and government sources have stated there were no breakthroughs in the initial meeting with President Trump, and negotiations will resume at a later date. Market observers highlight that expectations of a trade deal with Japan were a major bullish driver for markets last week, but Nasdaq 100 futures are currently down nearly 1%.