European stocks declined earlier today, with German shares recording losses as the leader of the German Christian Democratic Party (CDU) Friedrich Mertz failed to secure the parliamentary majority they needed to become a chancestry.

The pan -European index Stoxx 600 It fell 0.7% at 12:11 Time of Greece.

The German index DAX marked the greatest losses between regional indicators with Falling 1.6%.

The MDAX medium -capitalization companies, which includes companies with mainly domestic activity, fell 2.9%, while German government bond yields fell.

“It is unexpected and delays the transition of power,” Societe Generale said in their note.

Investors’ attention also turns to whether the Commercial Tensions of China-USA They will decline after China said last week that it is considering Washington’s offer for duty talks.

However, the absence of specific details on possible agreements between the US and their partners maintains the nervousness between investors.

“People are just waiting because there were all these hopes, but nothing specific,” said Axel Rudolph, a senior technical analysis executive at IG Group.