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Stay calm, ECB urges investors

Jean-Claude Trichet - Back to normal
Jean-Claude Trichet - Back to normal

European Central Bank president Jean-Claude Trichet has said money market conditions are returning to normal. He also called on investors to keep their 'composure' in the face of volatility.

Earlier, the ECB had added extra funds to the markets for a fourth day. But its intervention was on a smaller scale, as central banks slowly pulled out extra cash pumped in to avert panic about a credit squeeze.