The European Central Bank is ready to preserve financial stability in case of further market turmoil but the sector, including hedge funds, appears well prepared for the recent rout, ECB policymakers said on Wednesday. Since U.S. President Donald Trump announced a raft of tariffs last week, stocks have fallen sharply, the dollar has weakened and U.S. Treasuries sold off overnight, raising fears of escalating market turmoil that could drag the world into a financial crisis. "The Bank of France and the European Central Bank are fully mobilised to ensure the (euro zone) economy is well financed and (ensure) financial stability," French Central Bank chief Francois Villeroy de Galhau said.