For an hour or so, terrible news was great news as the DAX dipped and ripped after February Industrial Production fell 0.3% (against expectations of a 0.6% rise) and even worserer, January's 'everything is awesome' +0.9% rise was revised massively lower to 0.0%... February was the biggest drop in German Industrial production since August (but of course now that Q€ is here, we are sure everything will be great going forward).

German Industrial Production missed and dropped YoY unexpectedly in February...

Which was greeted by a small dip and nice rip in the DAX before sanity crept in and DAX drifted back into the red...

Charts: Bloomberg