IBEX and Europe's biggest bank, Banco Santander, Spain closed at new lows not far from March 2009 lows.

IBEX closed Wednesday at the low for the day at 7.078.8. Next support is at 6.889.5. Banco Santander closed at 4.828. Last support lies at a weekly close at 4.090 and intraday low at 3.940.

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