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The FTSE 100 increased by 4.8 per cent, or 193 points, to 4,243.48.
Resource and financial stocks led the gains while all except three of the index's constituents were on the rise, reports the Financial Times.
While appearing on NBC's Meet the Press yesterday (December 7th), the US president-elect Barack Obama said he planned to billions of dollars into a job-creation programme.
"We've got to make sure that the economic stimulus plan is large enough to get the economy moving," he said, adding: "We can't worry, short term, about the deficit."
Mr Obama's plans include making schools and public buildings more energy efficient, modernising the technology used in the healthcare sector and investing a massive amount of money into the country's infrastructure.
