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.

Germany’s stock index futures and the euro both rallied in Asian trading after the country’s opposition leader Friedrich Merz won Sunday’s federal election, matching opinion polls and paving the way for a pivot to increased spending.

US stocks looked set to claw back ground Monday with Nvidia Corp. rising in early trading, days before its earnings release. German stocks gained after conservatives led by Friedrich Merz emerged as the winners in a weekend vote.

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 has vowed to rule Europe's largest economy by returning to his Christian Democratic Union party's conservative roots, ease restraints on business and crack ...

Nvidia (NVDA) suffered a record one-day loss in market value last month over how low-cost DeepSeek might shake up the "AI" ecosystem, although shares have since mostly bounced back.