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European stocks as markets continue to digest German election fallout

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European stocks are expected to open tentatively higher on Tuesday as markets in the region continue to monitor the latest developments after Germany’s inconclusive federal election.

The U.K.’s FTSE is seen opening 8 points higher at 7,071, Germany’s DAX 21 points higher at 15,603, France’s CAC up 7 points at 6,654 and Italy’s FTSE MIB 30 points higher at 25,824, according to IG.

European markets are set to continue assessing the fallout of the German election on Tuesday after the vote on Sunday resulted in more uncertainty for the country.

The center-left Social Democratic Party (SPD) gained the largest share of the vote with 25.7% by a slim margin, with Angela Merkel’s right-leaning bloc of the Christian Democratic Union and Christian Social Union gaining 24.1% of the vote. 

Coalition negotiations between the main parties and two smaller counterparts, the Greens and Free Democrats, are likely to take weeks or even months. The SPD has previously rejected…

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