European stock markets hit peak: Investors' route changed

European equities rallied to record highs after the U.S. midterm elections lifted risk appetite, with falling oil prices and better-than-expected corporate earnings adding support. Investors rotated out of artificial intelligence stocks into healthcare and consumer staples names, a shift that helped European markets outperform global peers. The article did not specify index levels or percentage moves. The rotation signals growing caution toward crowded AI trades and appetite for defensive sectors. Next, investors will watch whether earnings momentum and lower energy costs can sustain the rally, and whether the sector rotation continues.