2. Various of trading floor at Frankfurt Stock exchange
3. SOUNDBITE (English) Carsten Brzeski Chief Economist ING DIBA Bank:
"For markets obviously chaos turmoil we are going to see all stock markets going down, we should see awakening of the US dollar, and we are going to get uncertainty. It's a bit of Brexit revival."
4. Cutaway
5. SOUNDBITE (English) Carsten Brzeski Chief Economist ING DIBA Bank:
"I think markets were totally caught by surprise. Markets had expected Mrs Clinton to win especially given the developments over the last days and weeks, and you do see that markets again were on the wrong side as with Brexit. I think the most feasible thing right now will be what will the Fed will do. I think we have already seen overnight that expectations of a rate hike have been postponed again into 2017. The question is if Mrs Yellen will stay on because there has also been criticism from Mr Trump on Mrs Yellen so a lot of uncertainty about the upcoming monetary policy in the US."
6. Cutaway
7.SOUNDBITE (English) Carsten Brzeski Chief Economist ING DIBA Bank:
"I think that Trump is really bigger than Brexit cause honestly without harming my British friends, the US is much more important than the British economy. It used to be the leader of the free world Mr Trump is for real and Brexit uncertainty can last for years, but Mr Trump is here."
European markets have opened lower after Donald Trump was elected president of the United States.
The Stoxx Europe 600 index was down 2.2 percent, while Germany's main DAX index opened 2.9 percent lower.
The Euro was 0.6 percent higher at $1.1092 as the dollar dropped across the board.
Carsten Brzeski, chief economist at ING Germany, said markets will face "chaos and turmoil" in coming days due to uncertainty about which economic program the president elect would follow.
Brzeski said global market turmoil would likely be worse than that which followed the British vote to leave the EU.
