Swedish PM Kristersson Resigns After Election Loss

The result hinges on a three-seat margin, which puts the center-left bloc in position to form a government but leaves little room for defections on contested votes. For markets, the practical question is whether the incoming government preserves Sweden's fiscal framework and its stance on energy and EU policy, since those are the channels through which Swedish politics typically transmits to pricing. The composition of the new coalition, and whether it depends on parties outside the bloc, is the open question worth watching.