"We find a reasonable number of German companies to be enthusiastic about, " said Stan Pearson, head of European equity at U.K. fund manager Standard Life.

WSJ: DAX Hits New High

Stan Pearson, head of European equities at Standard Life Investment, said it doesn't make sense to focus on day-to-day turbulence for Europe, with the industrial production numbers just confirming what is known.

WSJ: Euro Worries Persist Even as Yields Ease

CNN's Jaqueline Hurtado, Paul Vercammen, Michael Martinez, Stan Austin, Nick Valencia, Melissa Abbey and Michael Pearson contributed to this report.

CNN: Joy, criticism greet immigration policy move