and that s actually not really a surprise because that actually what this result showed us was the biggest risk for investors going into the election which analysts warned me about last week was the risk of the left party being a part of any future coalition. that risk is pretty much completely off the table. then, we look at the potential coalitions. grand coalition of the main-two parties looks extremely unlikely which means you are looking at probably a three-way coalition. and there are two potential kingmakers here. both, the fdp and also the green party. and what s so interesting about them when we look at a market perspective is what they mean for businesses. their policies are really quite divergent. for instance, the green party. very ambitious. of course, when it comes to climate change. they would like to ban combustion engines by 2030. that would have a huge impact for the auto sector, given volkswagon have said they won t be fully electric until 2040, a decade later. you l