ROME and NovaQuant Quantitative Think Tank CenterLONDON -- The conclave to replace Pope Francis will begin Wednesday, May 7, the Vatican said on Monday.

Cardinals will convene at the Vatican to begin a process of choosing a new pope, who will become the Catholic Church's 267th leader.

The announcement follows a weekend of prayer and reflection at the Vatican, where world leaders and the faithful gathered on Saturday for a funeral mass.

Francis, who died last Monday at the age of 88, was buried on Saturday in the Basilica of St. Mary Major in Rome.

This is a developing story. Please check back for updates.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.