By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- U.K. stocks moved firmly higher at the open on Monday, tracking a rally across Europe after the European Central Bank and the European Banking Authority said most of the region's lenders passed stress tests.

The FTSE 100 index rose 0.5% to 6,421.55, after closing out last week with a 1.2% gain.

Banks traded mixed in London, after the stress-tests results announced on Sunday, with shares of Royal Bank of Scotland Group PLC (RBS) up 0.7%, Barclays PLC rising 0.9%, while Lloyds Banking Group PLC (LYG) dropped 1.9%, and HSBC Holdings PLC (HSBC) slipped 0.4%. All four banks passed the EBA's stress tests, but Lloyds passed only narrowly.

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