Aussie shares are wrapping up May on a positive note, with the market up 3.8% for the month and 0.8% for the week. A surprise dip in retail sales sparked speculation of rate cuts, with markets now pricing in three cuts by year-end. Trade tensions are back in the spotlight as a US court temporarily backed Trump's push for tariffs, adding fresh uncertainty. Sector-wise, tech has been a standout, up 30% over eight weeks despite a small pullback today, while energy stocks lagged on falling oil prices. All eyes now turn to key US inflation data and the RBA’s economic updates next week.

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