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Story summary
- AfD topped the Saxony-Anhalt election with 44% of the vote, missing an absolute majority.
- Germany's DAX slipped 0.2% as the AfD result was announced.
- Energy stocks rose 1.2% after strikes in the Strait of Hormuz raised oil near $100.
- Novartis shares fell 3.2% following a failed key study of its cholesterol drug.
- Deutsche Bank expects the ECB to raise rates 25 basis points on Thursday and another 0.25% in December.
