European stocks dipped Monday as Germany’s election results clouded economic prospects. The Stoxx Europe 600 fell 0.2% at the open, while Germany’s DAX erased early gains. The euro also trimmed its advance.
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Conservative leader Friedrich Merz secured victory, but his bloc has limited paths to power. The far-right AfD surged to 20.8% but lacks a blocking minority. The election comes amid Germany’s economic stagnation, the Ukraine war, and trade tensions with the U.S.
Investor focus now shifts to Nvidia’s earnings on Wednesday, a potential market mover. Meanwhile, oil prices fell on supply concerns, and gold remained near record highs on inflation fears.
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