US markets end higher

The US markets finished higher amidst thin trading as fears over Greece's debt crisis subsided and investors snapped up beaten-down stocks.

Dow Jones Industrial Average was up 0.63% or 76.02 points at 12080.38. Nasdaq Composite was up 0.5% or 13.18 points at 2629.66. Standard & Poor's 500 was up 0.54% or 6.86 points at 1278.36.

In economic data to watch out for, existing home sales for May is expected to fall to 4.75 million as compared to 5.05 million in April.

Meanwhile, the FOMC meeting commences today as the US Federal Reserve determines the direction of the monetary policy. The minutes of the meeting would bee keenly watched as the QE2 comes to an end.