The recent results from Andalusia's May 17 regional election, with over 99 percent of ballots counted, show the People's Party securing 53 seats in the 109-seat parliament, two short of the absolute majority threshold. This outcome stems from a modest decline in PP support under President Juanma Moreno compared to 2022, alongside gains by smaller parties that fragmented the right-leaning vote. Traders assign near-certainty to a "no" resolution because official seat totals are now confirmed and align with exit polls and pre-election surveys projecting PP between 53 and 56 seats. The only remaining variables involve final certification or any post-election legal challenges, though these have not historically altered Andalusian parliamentary arithmetic in recent cycles.