"Spain's Crucial Election: Far Right's Potential Return to Power Sparks Culture Wars"

Spain is holding a major election that could potentially bring the far right party Vox to power for the first time since Francisco Franco's dictatorship. Polls suggest a conservative win for the PP, but they may need to form a coalition government with Vox. This scenario is seen as moderately market-positive. The election is focused on cultural issues such as nationalism, LGBT rights, and climate change. The outcome may also be influenced by recent heatwaves in Spain.