Explainer: What Sanchez’s Spain vote gamble could mean for investors

Here are some of the issues investors will be keeping a close eye on as the country prepares for what promises to be a hard-fought political contest

Spanish Prime Minister Pedro Sanchez has called a snap election for July 23 after his Socialist party suffered heavy losses in regional and local elections on Sunday.

One outcome of a potential victory for his right-wing People’s Party opponents could be more business-friendly policies and moves to trim taxes, said Lluis Orriols, a professor of political science at Madrid’s Carlos III University. “The coordinates of a PP government would tend to point to less fiscal ...