More than half of the members of the CNBC Global CFO Council think the Dow Jones Industrial Average will fall below 23,000 — roughly 2,000 points from its current level — before the stock market barometer is ever able to top the 27,000 level. The 23,000 level would equate to another 8 percent in decline among the Dow group of stocks before the selling stops. The Dow dropped by more than 400 points on Monday.

·       European stocks opened higher Wednesday morning, clawing their way back from the sharp losses sustained in the previous session.

The pan-European Stoxx 600 was up around 0.4 percent shortly after the opening bell, with most sectors and major bourses in positive territory.

·       Asian stocks slipped on Wednesday as intensifying concerns about global economic growth gripped financial markets, sending Wall Street shares tumbling and driving the safe haven dollar up from a two-week low.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.45 percent.

·       Japan’s Nikkei visited three-week lows and ended weaker on Wednesday after Wall Street’s tumble hit sentiment, while falling oil prices dragged down resource and trading-house shares.

The Nikkei share average closed 0.4 percent lower at 21,507.54 after touching 21,243.38 in early trade, the lowest since Oct. 30.

·       Shares in China edged lower in choppy trading on Wednesday as a continued selloff on Wall Street and a plunge in oil prices stirred uncertainty over the global economy.

At the midday break, the Shanghai Composite index was down 0.13 percent at 2,642.46 points. The index plunged more than 2 percent on Tuesday.

Reference: Reuters, CNBC