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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