German car manufacturer's common stock is losing more than 16% today. Looking at the common stocks (ticker VOW1.DE) one can see a price collapse, which does not affect the German DAX index in any significant way. This is due to the fact that when calculating the DAX index value, preference stocks (VOW3.DE ticker) are taken into account. Interestingly, these shares are slightly gaining today. On the other hand, sentiment in the equity markets is still very mixed after the Federal Reserve announced that the temporary change to the supplementary leverage ratio for banks will expire as scheduled on March 31st.

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