1. Various of Frankfurt Stock Exchange trading floor
2. SOUNDBITE (German) Robert Halver Head of Market Research, Baader Bank:
"I think BMW, VW, Daimler, as well as Audi and Porsche will in future make additional investments in America. If they create jobs they will buy out from protectionist measures and import taxes and Mr. Trump will most certainly ask for this."
3. Trader at desk
4. SOUNDBITE (German) Robert Halver Head of Market Research, Baader Bank:
"Thirty-five percent punitive taxes on German cars is a big number that hurts. We do not know whether it will be as bad as that, but what is certain is that the car industry will use appeasement strategies in order to not be affected too negatively by the big Caesar"
5. Traders at desk
6. SOUNDBITE (German) Robert Halver Head of Market Research, Baader Bank:
"Just like America, Mrs. May for Great Britain will try to blackmail us by suggesting hard Brexit. The subject will be let's cut all ties to Europe and if Europe will not back down, Great Britain will turn into a tax haven with low business taxes that will be the strategy. I hope that we will come to some sort of agreement with the British, I have always regretted that the British will leave us. We still need them"
7. Trader at desk
8. SOUNDBITE (German) Robert Halver Head of Market Research, Baader Bank:
"If we indeed had massive tax cuts for cooperation, some German businesses would surely consider to move at least the administration to Great Britain to profit from this. The Irish success their low tax politics shows that taxes are a very important element of competitiveness."
Global shares were mostly lower on Monday amid worries about Britain's exit from the European Union and a downgrade of Italy's credit rating
It comes as British Prime Minister Theresa May is set to deliver a speech outlining her vision of Britain's post-EU future and market players are worried what she says may indicate a "hard" approach to the nation's exit.
Her office has said she will call for a "truly global Britain" that is more open to the world when she lays out plans for negotiations with the European Union.
That prospect alarms many in Britain's huge financial services sector, which relies on EU access.
Germany's vice chancellor, responding to an interview with President-elect Donald Trump, has rejected threats by Trump to put tariffs of up to 35 percent on German automakers if they set up plants in Mexico instead of the US and try to export cars to the US from there.
Trump had also claimed German automakers don't behave fairly because a lot of German cars are seen in the US, but few American cars in Germany.