Financial markets rose on the likelihood of a two-party coalition between the CDU/CSU and the SPD, with Germany's benchmark DAX Index up 0.7%. Click to read.

Germany's centre-right CDU/CSU bloc has won national elections by a large margin, with all constituencies counted, paving the way for leader Friedrich Merz to be the next chancellor, as could be seen on the website of the federal returning officer.

German conservative candidate for chancellor and Christian Democratic Union (CDU) party leader Friedrich Merz speaks on the day of a party leadership meeting following the general election in Berlin,

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.

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

Germany's conservatives won the national election on Sunday, while the far-right Alternative for Germany came in second, its best ever result.

German stocks ended Monday higher in Europe after conservatives led by Friedrich Merz won the national election with promises of pro-growth policies to boost an ailing economy. The domestically-focussed German mid-cap index jumped 1.