India, Sept. 8 -- Germany's equity benchmark DAX slipped on Tuesday as stocks fell amid concerns about political uncertainty and lingering worries about oil prices due to the conflict in the Middle East. Additionally, prospects of a rate hike by the European Central Bank this week hurt as well.
In German political news, the far-right AfD achieved a historic win in a state election. Chancellor Friedrich Merz said he is "deeply shocked" by the overwhelming AfD election win. "Not only did something change in Saxony-Anhalt yesterday but throughout all Germany. It will have repercussions, including on the international stage."
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