OUTLOOK: Price Signal Summary - EURSTOXX 50 Futures Resistance Remains Exposed

Stephan van Baarle, leader of the ethnic minority interest Denk party, has submitted a motion of no confidence in the demissionary cabinet of PM Dick Schoof. The prospect of the no confidence motion passing is nil. The leaders of the far-right Party for Freedom (PVV) and centre-left/environmentalist GreenLeft-Labour Party have both said they will not back Schoof's ouster, and combined with the members of the two remaining parties of gov't, this secures a majority for keeping Schoof in office. 

• For months the Netherlands has been in a state of effective political paralysis. The withdrawal of Geert Wilders' PVV from the coalition in June left the Schoof gov't without a majority. Unable to gain requisite support, the PM went to the King to request a dissolution of parliament and snap elections. These are due on 29 October.
• In the interim, the minority three-party coalition sat as a 'demissionary' i.e. caretaker, administration that is tasked with the day-to-day running of gov't, but without the ability to pass 'controversial' legislation.
• On 22 Aug, the Christian democratic New Social Contract party withdrew from the demissionary gov't amid disagreements with the remaining two parties (the conservative People's Party for Freedom and Democracy and agrarian Farmer-Citizen Movement) on policies relating to Israel and Gaza.
• The liberal Democrats 66, left-wing Socialist Party, and centre-right Christian Democratic Appeal have called for a narrowing of the scope of legislation deemed 'controversial' for the demissionary cabinet, potentiall further restricting the gov'ts ability to pass bills or make decisions beyond immediate gov't operations. 

ERH6 98.18/98.00ps, sold at 10.5 in 3.75k.