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we will talk to the ceo about the state of the pharma industry at novo nordisk. that is coming up.loomberg. ♪ guy: wednesday, the 10th of august. european stocks surge as u.s. inflation cools. the countdown to the close starts right now. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. guy: stocks higher. 8:30 eastern time, a cooler inflation print at the headline level. real

lars fruergaard jorgensen, the novo nordisk ceo.s talk about equity markets wrapping of the day in europe. the ftse 100 clearing 7500, 7507. a little ticked down during the auction, by two point percent -- up by .2%. the dax bounced back strongly, up by around half of 1%. and definitely focusing on that cpi number. we will focus on that, join us at 5:00 p.m. in london, 12:00 p.m. new york, alix and me on radio, and we will continue our conversation on the energy crisis and the drought that is gripping europe so hard right now. alix: to that point, the chicago fed president charlie evan still speaking and say we don't expect to finish rate hikes. so let's get more into that, coming up. we will talk about that inflation rating in the u.s. it did decelerate i more than expected, and charlie evans continuing to look at the range of maybe 3.25 and 3.5% by year end for the fed rate. we will break that down, next. this is bloomberg. ♪ ritika: this is bloomberg markets: european close. coming up, the roadblocks founder and ceo joining bloom