European stocks cautiously higher ahead of key U.S. jobs report

European markets showed slight gains on Friday morning as traders awaited the release of the U.S. November jobs report. The pan-European Stoxx 600 index was up 0.3% in early trade, led by travel and leisure stocks. Meanwhile, U.S. stock futures were relatively unchanged, and Asian markets were mixed following Japan’s downward revision of its Q3 GDP and India’s decision to keep its lending rate steady. On the data front, final German inflation readings for November were released. Mining stocks dropped 0.6% in European markets, while oil and gas stocks climbed 0.5%. In global markets, certain stocks have been identified as overbought and due for a potential pullback. Additionally, an investment analyst recommended investing in the wider electric vehicle ecosystem rather than solely focusing on EV automakers.