Schaeuble says Europe can Improve if It Comes up With Fewer Rules, and Manages Itself Quicker and more Efficently

*U.S. Pending Home Sales Slump 3.7% In May

United States may Pending Sales Change Mm Decrease to -3.7 % (fcast -1.1 %) Vs Prev 3.9 % (revised from 5.1 %)

United States may Pending Homes Index Decrease to 110.8 Vs Prev 116.3

Fannie Mae says It Sells $250 Mln 2m Bills at 0.230 Pct Rate Vs 0.258 Pct Rate for $250 Mln 2m Sale on June 22