Likewise, the report raises the forecasts for growth in ad spending in the United States for all three years.
Mr. Levy raised the forecast for savings to between $100 million and $150 million in 2009, compared with an earlier expectation of savings of $50 million to $100 million.
Explorer Rockhopper soared 79p, or 33%, to 319p after it raised the forecasts for its oil well off the Falkland Islands.
The chief financial officer, Patrick Langlois, raised the forecast for growth in 2001 earnings a share to 35percentt from 30percentt.
Monsanto lowered its net income guidance, to $1.56 to $1.71 a share (from $2.26 to $2.29); it did not raise the forecast.
HSBC's own economists in October raised the forecast for China's economic growth this year to 8.5percentt from 8.1percentt.
See articleOfficials at the Federal Reserve's latest meeting slightly raised the forecast of its benchmark interest rate for the end of 2015, to 1.2%.
Goldman , Sachsadvised its clients that the firm's analysts had lowered the profit forecasts for 50 companies and raised the forecasts for only 10.
Wyeth raised only the low end of its full-year forecast by 2 cents, but investors sold off the stock as the company did not raise the forecast over all.
The debate flared anew as reports suggested that Germany, the largest of the 12 economies sharing the euro, might raise the forecast for its budget deficit as a recession in the first half and rising joblessness erode government revenue.
