European markets are zooming

European markets look set to end the week on a positive note, with all the major indices trading up at the open on Friday.

The UK's FTSE 100 opened up 1.25%, as the pound climbed back above $1.40 for a brief moment before sinking to $1.3992.

Here's how the FTSE looked today:

Investing

It wasn't all good news. The Royal Bank of Scotland's stock plunged more than 10% before recovering slightly after the bank revealed its eighth straight year of losses. Legal disputes and fines cost the bank dearly, pushing it to a £2 billion loss.

Here's RBS stock:

Investing

And here's a roundup of the rest of the European markets:

• Germany's DAX - up 2.23%
• Eurostoxx 50 - up 2.29%
• Spain's IBEX - up 2.12%
• France's CAC - up 2.12%
• Italy's FTSE MIB - up 2.09%