Stocks: 5 things to know before the open

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Click chart for in-depth premarket data.

Every single major market in the world is rallying right now.

Yeehaw!

Here are the five things you need to know before the opening bell rings in New York:

1. Momentum from the Fed: U.S. stock markets surged Wednesday, and global markets are following Thursday, after the Federal Reserve announced its first interest rate hike in nearly a decade.

Fed chair Janet Yellen said she feels "confident about the fundamentals driving the U.S. economy." And that helped give investors confidence to drive global stock markets higher.

All key European markets are rising in early trading, with the main German and Spanish indexes jumping by as much as 3%.

Middle Eastern indexes are also popping up, with Saudi Arabia's All-Share index advancing by about 2%.

Asian stock markets jumped at the open and closed the day in positive territory. China's benchmark Shanghai Composite gained 1.8%, while Japan's Nikkei rose 1.6%. Stocks in Australia were up 1.4% and Hong Kong's Hang Seng index added 0.8%.

U.S. stock futures are looking solid Thursday.

The U.S. dollar is also holding steady after surging on Wednesday in the hours following the rate rise. The euro and Swiss franc are edging lower.

Related: Fear & Greed Index

2. Stock market movers -- Pandora, FedEx, UPS: Shares in Pandora Media (P) are jumping by about 20% premarket after the Internet radio service received a favorable ruling on the royalties it's required to pay record labels.

The U.S. Copyright Royalty Board said Pandora must pay 17 cents per 100 streams between 2016 and 2020. The rate is 15% higher than Pandora is currently paying, and more than it had proposed. But it is much lower than the 25 to 29 cents requested by rights holders.

Shares in FedEx (FDX) are jumping premarket after the firm delivered a better-than-expected earnings report. And competitor UPS (UPS) is also seeing a premarket boost.

3. Earnings: Rite Aid (RAD) and General Mills (GIS) are two key companies that are reporting ahead of the open.

4. Economics: The U.S. Department of Labor is releasing data on weekly jobless claims at 8:30 am ET. Unemployment claims are around their lowest level in 15 years.

Investors are also going to be watching as the heads of 28 European Union countries hold a meeting to discuss border controls and reforms Britain wants if it is to remain a member of the EU.

Related: CNNMoney's Tech30

5. Wednesday market recap: As you already know, the markets partied yesterday. The Dow Jones industrial average grew 1.3%, while the S&P 500 and Nasdaq rallied 1.5%.

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