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 * S&P 500 and Euro STOXX 50 post biggest monthly gains since Feb (Adds close of U.S. marekts, new comment) By Herbert Lash NEW YORK, Aug 29 (Reuters) - Global equity markets rose on Friday, posting their best month since February on strong U.S. data, while German bond yields edged up from record lows