06/30/2015 08:02 EDT | Updated 06/30/2016 01:12 EDT

Stock markets to calm after Greece debt talks leave crater in previous session

TORONTO - Stock markets are likely to open higher as traders ease off some of the panic from the previous session caused by Greece's financial woes.Wall Street suffered its worst session of the year on Monday while the Toronto stock market faced a similarly deep plunge — the worst since dropping almost 361 points on Jan. 5.U.S. futures were all ahead with the Dow Jones industrials up 62 points to 17,582.00, the Nasdaq futures rose 14 points to 4,392, and the S&P 500 futures advanced 10 points to 2,060.Greece is nearing a Tuesday night deadline for its bailout program and German Chancellor Angela Merkel has said she isn't aware of any breakthrough in talks before the midnight expiry time.Oil prices made some advancement, with the August contract lifting 24 cents to US$58.57 a barrel while the August gold contract fell $8 to US$1,171.00 an ounce.The loonie traded at 80.83 cents US, up 0.13 of a U.S. cent.