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

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.

Germany faces its second change of leader in less than four years after the head of the center-right opposition won Sunday’s election.

Merz expressed concern over changing relations with Washington under the Trump administration, emphasizing the need for gradual independence from the U.S.

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.