African Markets - Factors to watch on June 30

NAIROBI, June 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

- - - - - EVENTS: *KENYA - The statistics office is due to release gross domestic product data for first quarter 2022 and consumer inflation data for June. *UGANDA - The statistics office is due to release consumer inflation data for June. GLOBAL MARKETS Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds. WORLD OIL PRICES Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS The South African rand fell against the dollar on Wednesday after struggling state electricity company Eskom warned that the power system would remain constrained and vulnerable to additional breakdowns. KENYA MARKETS Kenya's shilling KES= weakened on Wednesday due to increased demand from oil companies and others in the energy sector, traders said. KENYA IMF The board of the International Monetary Fund will meet next month to consider the latest review of Kenya's performance in its current lending programme, a senior fund official said, potentially unlocking a $239 million tranche.

DEMOCRATIC REPUBLIC OF CONGO IMF The International Monetary Fund said on Wednesday its Executive Board approved an immediate disbursement of $203 million to Democratic Republic of Congo to support balance-of-payments needs after completing a review of its Extended Credit Facility loan program. CAMEROON IMF The International Monetary Fund said on Wednesday its staff had reached an agreement with Cameroon on the second review of its loan programs that could lead to the disbursement of $73.6 million if approved by the Fund's Executive Board. GHANA ECONOMY Hundreds marched in Ghana's capital Accra on Wednesday in a second day of protests over spiralling inflation and other economic woes after a first day ended in clashes with police.

For the latest precious metals report click on

For the latest base metals report click on

For the latest crude oil report click on

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.