Friedrich Merz, the head of the Christian Democratic Union (CDU), fell six votes short of the 316 votes needed to win a parliamentary majority and become Germany's next chancellor on Tuesday, BBC reported.

Merz earned only 310 votes in a secret ballot, even though the Social Democrats held 328 seats and he was part of the CDU-Christian Social Union (CSU) combination. This is the first time a candidate for chancellor has lost on the first vote since World War II. Germany's DAX stock index dropped 1.8% as a result.

Olaf Scholz, the departing chancellor, is still serving in a caretaker capacity while the parties negotiate the next course of action. In order to guarantee leadership stability, CDU officials have demanded a speedy second vote, as stated by BBC.