Bloomberg A selloff in German government bonds has proved short-lived, with benchmark 10-year securities set for their first monthly gain since February, even as the Federal Reserve has adopted a more hawkish tone on the outlook for U.S. interest rates. Data next week will go a long way to showing why the divergence trade is far from finished. While ...

  Bloomberg The pound is gathering supporters. One month ago, the U.K. currency was seen ending June at $1.42, according to the median of analyst estimates in a Bloomberg survey. That forecast has now risen to $1.45, the highest in almost four months, even as the crucial June 23 vote that will decide the fate of Britain’s membership in the ...

  BARCELONA / AP With sunny days getting longer and lazier, sparkling beaches warming up and terrorism fears driving customers away from other Mediterranean destinations, Spain and Portugal are reaping an economic bonanza from tourism. While most in the cash-strapped nations are welcoming the influx, some locals have been exasperated by the crowds of tourists. In the first two months of ...