Markets in Asia and Europe the first to react to the election of Donald Trump as U.S. president. Oanda's Senior Markets Analyst Craig Erlam says the knee-jerk reaction is often more severe. "Trump's comments after he was declared the winner helped to soothe markets. There was a lot more positive rhetoric coming from him talking about boosting the economy and building infrastrucutre. Much more market friendly rhetoric," says Erlam. While Erlam says there is likely to be volatility until markets get a clearer picture of Trump's plans he says the anti-establishment vote in the U.S. could add fuel to the anti-establishment mood in European countries which will hold elections next year. TheStreet's Ruben Ramirez has details from Wall Street.