Financial Market Preview - Wednesday 3-Jan

US futures are pointing to a slightly lower open as of 04:45 ET. European equity markets have opened down, following lower trading in the Asian session. Markets are defensive in early trade for the year, with the easiest excuse appearing to be overbought conditions, along with stretched positioning and sentiment indicators. China property developers under further pressure today, with more bad news that China Fortune Land bondholders received less than a third of principal due on dollar bonds. Companies Mentioned: Kia, ATOS SE, Airbus