World News: 06:25 GMT Wednesday 13th February 2013. [Stock Market via SPi World News]
NEW YORK (Reuters) - The U.S. stock market is unlikely to take much direction from Tuesday's State of the Union, although President Barack Obama was less combative in his tone than some on Wall Street expected. Obama's speech provided little in the way of guidance as to whether the White House and Congress will come to a deal to head off large spending cuts that are set to come into effect as of March. The broader market has not been overly concerned about the potential effect of $85 billion in automatic spending cuts that would hit the defense sector hard. ...
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