Friedrich Merz, on course to become post-World War II Germany's 10th chancellor after the country's election, has vowed to prioritize European unity and the continent's security as it grapples with the new Trump administration and Russia's war on Ukraine.

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

European shares were largely unchanged on Monday, while Germany's benchmark index rose as investors greeted the widely expected victory of Friedrich Merz-led opposition conservatives at the national election.