Pope Francis Dies, Funeral Set
Analysis based on 10 articles · First reported Apr 22, 2025 · Last updated Apr 22, 2025
The death of Pope Francis is not expected to have a direct financial market impact. However, the event may temporarily affect tourism in Vatican City — Vatican City and Rome due to increased visitors for the funeral and conclave.
Pope Francis, the first Latin American pontiff, died on Monday at the age of 88 after suffering a stroke and heart failure, following a five-week hospitalization for pneumonia. His funeral is scheduled for Saturday at 10 a.m. in St. Peter's Square, with public viewing of his casket beginning Wednesday in St. Peter's Basilica. World leaders, including Donald Trump of the United States and Javier Milei of Argentina, are expected to attend. Following the funeral, a period of nine days of mourning will precede a conclave, which must begin between May 5 and 10, to elect his successor. Countries like Italy, India, Taiwan, and the United States have flown flags at half-staff, and soccer matches in Italy and Argentina were suspended in his honor.
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