European markets expected to rise as investors focus on opportunities beyond Middle East conflicts.

European stocks were poised to rise on Wednesday, as investors tried to focus on other matters beyond the escalating tensions in the Middle East and anticipate new employment figures from the region.

The U.K.'s FTSE 100 opened 28 points higher at 8,300, Germany's DAX increased by 58 points to 19,249.8, France's CAC 40 rose 39 points to 7,601, and Italy's FTSE MIB gained 46 points to 33,720, according to IG data.

Despite a negative start to the trading month on Wall Street, with the Nasdaq Composite shedding 1.5% and the S&P 500 losing 0.9%, after Iran launched a ballistic missile attack on Israel in retaliation for its recent killing of Hezbollah leader Hassan Nasrallah and an Iranian commander in Lebanon.

Hezbollah, the Iran-backed militant group, was targeted by Israel's offensive in south Lebanon, which was followed by the deployment of ground forces.

The CBOE Volatility Index (VIX) surpassed 20 during its peak, resulting in a rise in oil prices following the attack.

U.S. futures remained lower in overnight trading, while Asia-Pacific markets were mixed.

Despite the closure of Mainland China's markets during the Golden Week holiday, Hong Kong's Hang Seng index experienced a more than 6% increase, indicating increased optimism about Beijing's stimulus policies.

In Europe, investors are eagerly anticipating the release of new unemployment data and U.K. house price information, while a British sports retailer reports its earnings.

— CNBC's Dan Mangan contributed to this report.