Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on geoeconomics and energy markets. Before joining Gavekal in 2014 he worked as an analyst and commentator at media organizations including CNBC, The Wall Street Journal and the Far Eastern Economic Review, earning his spurs as the lead foreign exchange analyst for Dow Jones during the 1997-98 Asian currency crisis. He originally started his working life as an exploration geologist, until a collapse in commodity prices forced him into journalism as the traditional refuge of the otherwise unemployable.

Tom Holland's Articles

Selected research

Geoeconomic Monitor: A Fragile Peace, A Shaky Trade Deal
Geoeconomic Monitor: A Fragile Peace, A Shaky Trade Deal
Tom Holland, Arthur Kroeber, Laila Khawaja
10 Oct 2025
In this week’s Geoeconomic Monitor, we analyze the implications of the fragile Israel-Hamas ceasefire for Red Sea shipping, and try to figure out why China decided to expand its export controls on rare earths just as Xi Jinping gets ready to meet Donald Trump at the end of the month.
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Geoeconomic Monitor: Strategic Posturing In Asia
Geoeconomic Monitor: Strategic Posturing In Asia
Arthur Kroeber, Tom Holland, Tom Miller
15 Sep 2025
In today’s issue we handicap the odds that Donald Trump and Xi Jinping actually accomplish anything when they meet later this fall; assess what China might be up to by agreeing to advance discussions on a big new gas pipeline from Russia; and explain the limits of India’s sudden efforts to mend its economic relationship with Beijing.
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Axis Of Energy
Axis Of Energy
Tom Holland
3 Sep 2025
Since Russia’s invasion of Ukraine in 2022, the world has shifted to a two-tier energy market where countries willing to buy Russian energy in defiance of Western sanctions benefit from sizable discounts to global price benchmarks. The recently agreed Power of Siberia 2 deal demonstrates how this two-tier market is set to stay for the long haul, conferring significant economic advantages on buyers of Russian oil and gas, in what might be termed a new “axis of energy.”
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