European Equities: Value Strategies For 2014

European equities, after digesting S&P’s downgrade of France, had to contend with rather tepid GDP growth during the third quarter. The European Union’s statistics office said GDP of the 17-nation euro area rose only 0.1% compared to 0.3% in the previous quarter. The region therefore avoided a contraction by a hair’s breadth, justifying the ECB’s recent action to cut interest rates. The Yellen effect on European equities European equities may have wobbled but were lent a hand Thursday by Janet Yellen’s dovish statements before the Senate Banking Committee. She came out strongly in favor of quantitative easing, saying it was…