SELF IMPROVEMENT

German business confidence
German business confidence unexpectedly improved in June, suggesting the biggest economy of Europe the crisis worsened the region's sovereign debt is weathering slower global growth.

IFO Institute in Munich said the economic climate index, based on a survey of 7000 managers, increasing from 114.2 to 114.5 in May. Economists forecast a decline of 113.4, the average of 39 estimates in a Bloomberg News survey showed. Index is still near a record high of 115.4 posted in February.

German companies have increased production and employment, pushing the unemployment rate to its lowest in two dekada.Bund on June 10 Economic raised its growth forecast for this year, calling the return of a broad-based. "