German business sentiment unexpectedly improved in June as companies shrugged off the risk of Britons voting to leave the European Union. The Munich-based Ifo institute’s business climate index rose to 108.7 from a revised 107.8 in May. That’s the highest level since December. The median estimate in a Bloomberg survey of economists was for a decline to 107.4. The U.K. voted to quit the 28-nation bloc, with final results published Friday showing 52 percent of the electorate was in favor of an exit. Even though Europe’s largest economy counts the U.K. as the third-biggest destination for its exports, more than 60 ... (full story)