[MARKET UPDATE] European equity futures fall further into the red, US futures pare initial gains and move just into the red. Energy higher after a UKMTO update while yields rise after ECB speak.

The decline in European equity futures alongside the US futures retreating into negative territory suggests a broader risk-off sentiment in the markets. The upward movement in energy prices could reflect concerns over supply and geopolitical factors, as indicated by the UKMTO update, while rising yields in response to ECB commentary may indicate tighter monetary policy expectations, impacting growth outlook.