technology companies: China's government said its economy grew in 2018 at the slowest pace since 1990, according to The Guardian. Shareholders received record dividends of almost 100bn in 2018Read more Technology companies skidded, and so did industrial companies, which were hurt by the slower growth forecast as well as some weak fourth quarter earnings. US markets dropped sharply following falls across Europe and Asia as the International Monetary Fund IMF trimmed its economic forecasts for 2019 and 2020 and pointed to risks including trade tensions and rising interest rates. Bond prices climbed as investors looked for safer investments, and oil prices fell as traders expected weaker demand. European investors were rattled by yet more uncertainty over Brexit the UK's planned exit from the European market. In London the FTSE 100 index slid 1% as Germany's DAX and the French CAC 40 both gave up 0.4%. The European exchanges closed down following losses in Japan and Australia.
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