Following the completion of the current round of stress tests, the Federal Reserve Board will end its temporary restrictions on most banks paying dividends and buying back shares after June 30. Firms with capital levels above those required by the stress test will no longer have to face the curbs, while banks with capital levels below those required will remain subject to the limitations.  The central bank had prohibited the largest U.S. banks from buying back stock in order to conserve capital as the pandemic tore through the U.S. economy. The full restrictions were set to expire on March 31 after being enacted in June of 2020.

The ship that has completely blocked the Suez Canal may not now be moved until at least next Wednesday, according to people familiar with the matter. The longer-than-expected closure of one of the world's most important maritime routes will disrupt global supply chains for everything from grain to cars to coffee. The number of ships loaded with billions of dollars worth of goods waiting to traverse the canal has risen to more than 300, according to Bloomberg data.

The global shortage of semiconductors remains in focus after China's Nio Inc. announced it would temporarily halt production at one of its factories due to the chip shortage. The global auto industry was already struggling for supply before last week's fire at a Japanese manufacturer of automotive chips exacerbated the problems. Ford Motor Co., Toyota Motor Corp., Volkswagen AG and Honda Motor Co. all have had production problems due to the shortage.