Alberto Núñez Feijóo leads trader consensus at 82% for Spain’s next prime minister, reflecting the People’s Party front-runner’s consistent polling advantage ahead of the November 29 snap election. Pedro Sánchez called the early vote after parliament rejected his housing decrees, leaving the PSOE-led government exposed amid ongoing coalition strains, a July migrant surge in Ceuta, and corruption-related scrutiny. Private polls show the PP ahead of the PSOE by roughly five points, with Vox support enabling a projected parliamentary majority for the right-wing bloc and positioning Feijóo for an investiture vote. Recent PP-Vox coordination talks on Senate lists reinforce expectations of a stable path to government formation, while low probabilities for other figures align with limited polling visibility and structural barriers under Spain’s electoral system. The market closes shortly after the vote, with resolution tied to the subsequent investiture outcome.