Russian markets -- Factors to Watch on June 4

MOSCOW, June 4 (Reuters) - Here are events and news stories
that could move Russian markets on Thursday.

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STOCKS CALL (Contributions to moscow.newsroom@reuters.com):

Troika - We are opening our prices down 0.5% and expect a
very volatile day

Uralsib - Concerns that the oil price may correct, metal
prices may fall and that global markets are in for at least a
small correction will weigh on the Russian market again today.
The steel names and Norilsk Nickel (GMKN.MM) will be vulnerable,
as will Sberbank (SBER03.MM)because it is the stock with the
biggest recent gains.

EVENTS [RU-DIA] (All times GMT):
ST PETERSBURG, Russia- International Economic Forum (to June 6).
The European Union, the United States and Russia will hold
detailed ministerial talks on Moscow's bid to join the World
Trade Organisation on the margins of the Economic Forum

ST PETERSBURG, Russia- Renaissance Capital to hold investor
conference (to June 6). LINK:
here

PIKALYOVO, Russia - Prime Minister Vladimir Putin expected to
meet business leaders in Pikalyovo, home to alumina and cement
businesses controlled by UC RUSAL owner Oleg Deripaska, where
workers blocked a motorway this week in protest at job cuts and
upaid wages

IN THE PAPERS [PRESS/RU]:

Russian newspapers features stories on Alexei Chuvin, a
Sberbank (SBER03.MM) official sacked after predicting a massive
selloff on Russia's real estate market.

The government of Montenegro could partially accept
aluminium tycoon Oleg Deripaska's proposal to keep Montenegro's
biggest exporter, Kombinat Aluminijuma Podgorica, running by
accepting a stake in the plant in exchange for loan guarantees
and subsidies, Kommersant daily reports.

Vedomosti daily published details of Russia's Development
Bank, or VEB, spent 155 billion roubles out of a total 175
billion allocated from the National Welfare Fund to support the
stock market.

The Magna (MGa.TO) led consortium which mounted the winning
bid for GM's European assets, backed by Russia's Sberbank and
GAZ (GAZA.RTS) carmaker, expect to receive all GM (GM.N) Russian
assets in the deal, including an assembly plant in St
Petersburg, Vedomosti daily writes.

Oil company Rosneft (ROSN.MM) will take over Trust
investment bank in return for debt forgiveness, and unify it
with its own banking assets, Kommersant writes. Rosneft
inherited the debt claim against Trust from bankrupted oil
company YUKOS.

Aeroflot (AFLT.MM) is advising Russia's Development Bank, or
VEB, to sell its 49 percent stake in Malev [MALV.UL], saying it
sees slim prospects for co-operation, Kommersant daily writes.
Aeroflot has changed management since the stake was purchased.

Mitsubishi Heavy Industries is considering the purchase of a
significant stake in Siberian Cement, while China National
Machinery Import and Export Corp has offered to buy a stake in
another Russian cement company, RATM-cement, Kommersant writes.

TOP STORIES IN RUSSIA AND THE CIS [RU-NEWS]:

TOP NEWS:
Russia still wants to join WTO -Putin [ID:nL31040332]
PM Putin says gas transit to Europe may stop [ID:nL31022261]

COMPANIES/MARKETS:
LUKOIL beats Rosneft in Q1 on cost control [ID:nL31010219]
Moscow rejects Telenor $1.7 bln case stay REMA [ID:nL31041191]
Sistema posts loss on forex, weak consumer units [ID:nL3476634]
Mechel 2008 net up 25 pct y/y, Q4 loss weighs [ID:nL3346793]
Sberbank fires exec who predicted real estate sales[ID:nL382951]
Inter RAO to ink deals with EDF, Alghanim [ID:nL3405357]

ECONOMY/POLITICS:
Russia EconMin sees GDP down 6-8 pct in 09 [ID:nL4419561]

ENERGY:
Medvedev: oil at $60-70/bbl is "fair" price [ID:nL31037331]

COMMODITIES:
Brazil seeks Russian meat quota modified - AgMin [ID:nL3731382]

MARKETS CLOSE/LATEST:

RTS 653.3 -8.42 pct

MSCI Emerging Markets .MSCIEF 771.3 -1.64 pct

Russia 30-year EurobondRU011428878= yield: 7.507/7.442 pct

EMBI+ Russia 11EMJ 376 basis points over

Rouble/dollar RUBUTSTN=MCX 30.9400

Rouble/euro EURRUBTN=MCX 43.9400

NYMEX crude CLc1 $66.07 -$0.05

ICE Brent crude LCOc1 $65.91 +$0.05

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