Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington. She could've been singing about markets.

Fed expected to cut 0.25%, says survey The Fed will cut interest rates by a quarter percentage point, according to 84% of the 27 respondents CNBC polled. Just 16% think there'll be a decrease of half a percentage point.

A jumbo-sized 50-point cut The U.S. Federal Reserve slashed rates by half a percentage point, bringing the federal funds rate to 4.75%–5%. Federal Open Market Committee members

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see?