GLOBAL MARKETS - Stocks Rise with Treasury Yields on Pause, Powell Boosts Rate Cut

GLOBAL MARKET - NEW YORK/LONDON, July 10 (Reuters) - A global equities gauge rose to record levels on Wednesday while U.S. Treasury yields edged down with comments from Federal Reserve Chair Jerome Powell fuelling hopes for interest rate cuts as investors awaited key U.S. inflation data.

Powell told lawmakers in Congress that he was not yet ready to declare inflation beaten but that the U.S. remained on a path back to stable prices and continued low unemployment and that the Fed was "very focused on staying on that path."