Alberto Núñez Feijóo leads trader consensus at 79.5% for Spain’s next prime minister, well ahead of Pedro Sánchez at 15.3%, with other figures such as Santiago Abascal, Isabel Díaz Ayuso, and Carlos Cuerpo in single digits or lower. The primary driver is the snap general election scheduled for November 29, called after Sánchez’s minority coalition lost a parliamentary vote on housing decrees amid protests over rents and evictions. Recent polls show Feijóo’s People’s Party (PP) and Vox on track for a combined majority, positioning the PP leader to form a government after his 2023 shortfall. Sánchez’s PSOE faces headwinds from coalition erosion, a Ceuta migration surge, and corruption inquiries, while Vox’s projected seat gains could make it a key partner for the PP. Traders price in these polling trends and post-election arithmetic as the dominant factors until results clarify government formation.