Global stock markets have extended their rally for a third consecutive day as concerns about inflation show signs of easing. The S&P 500 gained 1.2%, while European and Asian markets followed with similar gains after recent economic data suggested price pressures may be moderating.
Separately, Tesla has announced plans to build a new battery factory in Mexico, marking its first major manufacturing facility in Latin America. The electric vehicle maker said the plant will produce next-generation batteries that offer longer range and faster charging times. Construction is expected to begin later this year, with production slated for 2028.
Market analysts point to several factors behind the rally: cooling commodity prices, stable employment figures, and signals from central banks that aggressive interest rate hikes may not be necessary in the coming months. However, some caution that geopolitical risks and potential supply chain disruptions could still pose challenges for sustained growth.