* MSCI Asia ex-Japan off 0.2%; Nikkei down 0.1%
* German shares seen lower; FTSE futures point slightly higher
* China says it wants to make a trade deal as soon as possible
* U.S. official says Trump wants 'movement' from China to avoid tariffs
* China producer prices fall, consumer prices spike in November
* Asian stock markets: https://tmsnrt.rs/2zpUAr4
By Andrew Galbraith
SHANGHAI, Dec 10 (Reuters) - Asian equity markets eased slightly on Tuesday, tracking Wall Street declines as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect.
European equity futures pointed to similarly small moves. Pan-region Euro Stoxx 50 futures STXEc1 were down 0.03% and German DAX futures FDXc1 were 0.14% lower in early trade, while FTSE futures FFIc1 added 0.1%.
Market uncertainty ahead of the tariff deadline was reinforced by comments from U.S. Agriculture Secretary Sonny Perdue on Monday that while President Donald Trump did not want to implement tariffs, he did want to see "movement" from China. deadline looms over a series of other significant events this week, with markets also awaiting the UK election on Thursday, and U.S. and euro zone central bank meetings.
Investors have focused this year on the risks of the UK crashing out of the European Union without a deal and a sharp escalation in trade war tensions, said Frank Benzimra, head of equity strategy at Societe Generale (PA:SOGN).
"What you have seen since the end of the third quarter and the beginning of the fourth quarter was these two risks were receding ... And now this week you see those two concerns coming back on the market," he said, adding that he expected their impact to be "short-term."
With investors reluctant to make big bets, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.17% lower, with China's benchmark Shanghai Composite index .SSEC off 0.08%.
Adding pressure in China was new data showing falling producer prices in November while consumer prices spiked, complicating efforts to boost demand as economic growth slows. shares .AXJO were off 0.34%, while Japan's Nikkei .N225 was down 0.08%.
"The decision whether or not to raise tariffs on Dec. 15 rests with President Trump and he has continued his constructive ambiguity on the issue which is keeping markets guessing," said Tapas Strickland, a director of economics and markets at National Australia Bank.
Tepid trade followed weakness on Wall Street overnight. The Dow Jones Industrial Average .DJI fell 0.38% to 27,909.6, the S&P 500 .SPX lost 0.32% to 3,135.96 and the Nasdaq Composite .IXIC dropped 0.4% to 8,621.83. were also keeping an eye on the U.S. Federal Reserve, which is expected to keep rates unchanged at its two-day policy meeting, which ends Wednesday.
With rates likely to stay put, analysts say investors will be closely watching policymakers' forecasts for future U.S. economic growth. Tuesday, the U.S. two-year yield, watched as a sign of market expectations of Fed fund rates, was at 1.6152%, down from its close of 1.627% on Monday.
The 10-year Treasury yield US10YT=RR was at 1.8138% from a U.S. close of 1.831% on Monday.
Following the Fed, investors are likely to scrutinise the first policy meeting led by new European Central Bank President Christine Lagarde on Thursday for clues on where she will take the bank. expectations of a Conservative Party victory in Thursday's UK election have powered a rally in the pound, options markets indicate worries of a post-election retreat. have been wrong before, so a surprise can't be ruled out - that's exactly what happened in the 2017 election," analysts at ANZ said in a morning note.
"But it's not just about Brexit. Fiscal expansion is also on the cards, with ending austerity a major theme of the election irrespective of who wins," they said.
Sterling, which hit its highest level against the dollar since April on Monday at $1.3180, added 0.08% to buy $1.3153. GBP=
The dollar rose 0.05% against the yen to 108.60 JPY= and the euro EUR= was up 0.03% at $1.1065.
The dollar index .DXY , which tracks the U.S. currency against a basket of six major rivals, was down 0.02% at 97.629.
Worries over trade continued to push oil prices lower. Data released on Sunday showed that Chinese exports declined for a fourth straight month, underscoring the impact of the trade war between the U.S. and China, which is in its 17th month. benchmark Brent crude LCOc1 fell 0.12% to $64.17 a barrel and U.S. West Texas Intermediate crude CLc1 dipped 0.15% to $58.93 a barrel.
Gold was a touch higher on the spot market XAU= , fetching $1,462.34 per ounce. GOL/