Canada's main stock market has opened around 90 points higher Monday, probably buyoyed by news that stress-test results have led to some renewed buying in Spanish banks which, in turn, has raised hopes that Europe's debt crisis can be solved. But gains may be capped as investors and traders digest reports that China's manufacturing sector contracted a second month for the first time in near three years. Also, Euro zone manufacturing put in its worst performance in the three months to September since the Great Recession. Focus will likely switch to the U.S. Federal Reserve and in particular Ben Bernanke ahead of a speech by him this afternoon in Indianapolis. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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