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Deutsche Bank strategist casually describes his near-deadly bike crash in a client note about the trade war

Key Points
  • Deutsche Bank's Jim Reid collided with a small white SUV, lifting his bike off the ground and sending him sprawling sideways up the street, according to a video posted to his YouTube account
  • "What saved me was that I was so far round the roundabout that he bashed me at an angle and into the curb and didn't run over me," Jim Reid said. 
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany.
Krisztian Bocsi | Bloomberg | Getty Images

A Deutsche Bank strategist opened his morning macro note about the global trade situation with a harrowing personal story — he was almost killed in a biking accident last Friday. 

Jim Reid casually started his Monday report with an account of getting hit by a car in a roundabout last week, saying "Friday was very nearly the last Early Morning Reid ever."

Reid collided with a small white SUV, lifting his bike off the ground and sending him sprawling sideways up the street, according to a video posted to his YouTube account. The video is from the a dashboard camera of a vehicle behind the one that ran into Reid.

"What saved me was that I was so far round the roundabout that he bashed me at an angle and into the curb and didn't run over me," Reid said. 

He said he escaped with only minor injuries.

"I've got a lot of scrapes, a sprained ankle and a heavily bruised coccyx (I hope only) from my landing. Oh and a ripped pair of GAP chinos," Reid wrote. 

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Markets

China's central bank denies it's devaluing country's currency to counter tariffs

Key Points
  • China's yuan breaks through 7 against the dollar for the first time since 2008.
  • But People's Bank of China Governor Yi Gang says China will "not engage in competitive devaluation."
  • The yuan's breakthrough came days after Trump abruptly heated up the trade war with China, announcing 10% tariffs on another $300 billion worth of Chinese goods.