* Inverted yield curves signal high odds of US recession
* US mortgage rates slide for a fourth week
* Turkey blocking halting flow of 600,000 bpd of oil
* China appears to be under-reporting Covid cases and deaths
* China annual inflation drops to 8-month low in November
* US regulators sue to block Microsoft’s acquisition of Activision Blizzard
* Meta battles US government over $300 million virtual-reality acquisition
* UK will face some of the worst strikes in at least a decade
* US jobless claims rise vs. year-ago level for first time since March 2021:

Several of the world’s biggest investors expect low double-digit gains for stocks in 2023, according to a Bloomberg survey of 134 fund managers, including the views of BlackRock, Goldman Sachs Asset Management and Amundi SA. “Even though we might face a recession and falling profits, we have already discounted part of it in 2022,” says Pia Haak, chief investment officer at Swedbank Robur, Sweden’s biggest fund manager. “We will have better visibility coming into 2023 and this will hopefully help markets.”