KUALA LUMPUR, Feb 27 —The ringgit is expected to hit 4.20-4.40 against the US dollar by year-end in view of the United States (US) Federal Reserve’s (Fed) likely interest rate cut decision in anticipation of an economic recession in the US this year, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.

PETALING JAYA, Feb 27 -- The local equity market is in a sweet spot for a prolonged bull market, on the back of improved external development, the expected rebound in China’s economy, coupled with cheap stocks and ringgit valuations, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.