After Germany’s conservative Christian Democratic Union (CDU) won a plurality of seats in federal elections Sunday, party leader Friedrich Merz

Wall Street struggled for traction on Monday, ending mixed after slumping last week, while German election results buoyed German shares and Europe's single currency as investors waited for midweek results from artificial intelligence chip leader Nvidia.

The conservative CDU/CSU party has won the parliamentary elections in Germany. The leader of the formation, Friedrich Merz, is the main candidate for chancellor. During the campaign, the future head of the German government expressed support for closing the borders.

After an election dominated by immigration and economic issues, Germany’s likely new chancellor is Friedrich Merz, the leader of the conservative Christian Democrats. His party finished first with just under 29 percent of the vote and will need to form a coalition government.

Germany's election winner Friedrich Merz wants to form a government quickly in order to revive a moribund economy, hike defence spending and tackle diplomatic challenges ranging from a confrontational Trump administration to ending the Ukraine war.

Friedrich Merz is poised to become Germany’s next chancellor, but his victory may not deliver the stability many voters had hoped for. The 2025 election marks a major turning point for Germany, with a sharp rightward shift and the collapse of the center-left.

Friedrich Merz, the leader of the centre-Right Christian Democratic Union party (CDU), has emerged as the winner of Germany’s elections.