GLOBAL MARKETS-Stocks rise, bond yields steady as ECB seen on hold

* Euro off lows as inflation cools bets for ECB cut next week * Wall Street gains on mostly strong economic reports * German Bund yields tick higher but still near record lows (Adds oil settlement prices) By Herbert Lash NEW YORK, Aug 29 (Reuters) - Global equity markets rose on a fresh round of strong U.S. economic reports on Friday, while German bond yields edged up from record lows as expectations that the European Central Bank would ease monetary policy next week faded.